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.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager. As well as a book author and regular contributor to numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: