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AEP Announces Quarterly Dividend

by on October 22, 2019

The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 70 cents a share on the company’s common stock, an increase of 3 cents per share.

AEP has increased the dividend an average of 6.3% over the past two years, in line with its 5% to 7% earnings growth range.

The dividend is payable Dec. 10, 2019, to shareholders of record as of Nov. 8, 2019, and is the company’s 438th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910.

“Strategic investment in our regulated businesses, our commitment to customer service and our pursuit of innovative energy solutions continue to benefit both our investors and customers,” said Nick Akins, chairman, president and chief executive officer of AEP. “We’re proud to continue AEP’s tradition of delivering strong financial results and increased returns to our valued shareholders.”

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