I always buy/start new positions in small increments. My order is for 30 shares, and I will add more if/when it drops to 46.31.
Yes- there is 'always an over reaction' - have cash ready! After all - the increase will probably be only 25 basis points - - and increases will be ' S L O W ' if any more occur at all! Economy is good but not great with all the damage in the energy patch and signs of slowing ( car sales peaking and transportation sector volumes dropping).
I would like to start a position, but will utilities not take a temporary hit when the Fed raises the rate? I have a limit order to buy at $49.81.
AEP Increases Quarterly Dividend To 56 Cents A Share
.COLUMBUS, Ohio, Oct. 20, 2015 /PRNewswire/ -- The Board of Directors of American Electric Power Co. (AEP) today declared a regular quarterly cash dividend of 56 cents a share on the company's common stock, increasing the dividend 5.7 percent from the previous 53 cents a share. AEP last increased its dividend in October 2014.
The dividend is payable Dec. 10, 2015, to shareholders of record as of Nov. 10, 2015. AEP has paid a cash dividend on its common stock every quarter since July 1910.
"AEP remains committed to building upon its financial strength and providing solid returns for our shareholders, as we have done for more than 100 years. This dividend increase demonstrates our focus on consistently increasing shareholder value," said Nicholas K. Akins, AEP's chairman, president and chief executive officer. "I want to commend our employees for their ongoing diligence and commitment to improvement, which have enabled us to deliver strong financial results and reward our investors for 422 consecutive quarters."
Own BOTHs tocks, could not be happier, except only wish I had more and invested earlier in my life.
Should be announcing a divy increase within the next two weeks. I think a raise of $.02 per share may be $.03. Your thoughts.....
If interest rates go up but the dividend stays the same, the value of that stock is less. Bonds paying a higher rate will be more attractive to some than stock.
It's all about the future expected rise of interest rates. AEP's dividend is worth less in a higher rate environment.
amortized monthly with a 10.5 % discount from net asset value.* The average discount from net asset value over a ten year period is 2.3%
*as of June 12.
These guys are your fellow moron employees, at the company you "work" at, if you call that a laget company. All the boards are covered all over by this dumb company, should be blocked my yahoo.