Maybe you should have bought AEP awhile back when the dividend rate was over 5%, just before the rise in Utility stock prices.
I'll keep this short and sweet...Google "Penny Stock 101 org' signup for their free newsletter and get their next trade alert. Come back and thank me tomorrow!
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.....