Utility Company Can Power Your Yield with Dividends

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  • 08/21/2022

Utility Company Can Power Your Yield with Dividends

American Electric Power (NYSE: AEP) is a stock that investors may want to consider today because it offers an attractive 4.1 percent dividend yield and has been showing momentum by rising close to 8 percent so far this year when the market in general has fallen. The power company goes ex-dividend Thursday, so today offers the last chance for investors to buy the shares and still remain eligible to collect the dividend that will be paid later this month. The stock price actually is down about 1 percent in afternoon trading, you have an opportunity to buy it at a slight discount. Utility stocks typically offer stable income and a way to nab capital appreciation when volatility in the markets causes investors to look for safe havens.

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