How much does it take to earn $100 per month from the American Electric Power Reserve?
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American Electric Power Company, Inc. (NASDAQ:AEP), an electric public utility holding company, generates, transmits, and distributes electricity to retail and wholesale customers in the United States.
It will announce its Q4 2024 earnings on February 13. Wall Street analysts forecast that the company will post EPS of $1.29, up from $1.23 last year. According to Benzinga Pro data, revenue for the quarter is expected to be $4.74 billion, up from $4.60 billion a year ago.
The 52-week range for American Electric Power stock was $75.22 to $105.17.
American Electric Power’s dividend yield is 3.83%. It paid $3.72 per share over the last 12 months.
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In the year On November 6, 2024, the company posted Q3 2024 revenue of $5.42 billion, missing consensus of $5.434 billion. to fuel.
Business load increased more than 10% year-on-year through the third quarter. Based on customer contracts signed so far, the company projects an average of 20 percent business load growth each year over the next three years.
American Electric Power trimmed its 2024 adjusted operating earnings per share guidance from $5.53 – $5.73 to $5.58 – $5.68, compared with the consensus estimate of $5.62. The company sees 2025 adjusted EPS of $5.75 – $5.95 with consensus of $5.98. The company now expects a long-term growth rate of 6% to 8% (previously 6% to 7%).
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If you want to receive $100 a month – $1,200 a year – in dividends from American Electric Power, your investment value should be approximately $31,332, which is 322 shares at around $97.25 each.
Understanding Profitability Calculation: When estimating, you will need two key variables – the desired annual income ($1,200) and the profit margin (in this case 3.83%). So to generate $100 per month, $1,200 / 0.0383 = $31,332.