American Electric Power (AEP) Raises Quarterly Dividend 6.4% to $0.83; 3.8% Yield

American Electric Power (NASDAQ: AEP) declared a quarterly dividend of $0.83 per share, or $3.32 annualized. This is a 6.4% increase from the prior dividend of $0.78.

The dividend will be payable on December 9, 2022, to stockholders of record on November 10, 2022, with an ex-dividend date of November 9, 2022.

The annual yield on the dividend is 3.8 percent.

"AEP is focused on providing clean, reliable and affordable energy to our customers and significant value to our investors," said Nicholas K. Akins, AEP chair and chief executive officer. "We've paid a cash dividend on our common stock every quarter since 1910, which is a testament to our tradition of operational excellence. We're pleased our strategic business decisions continue to provide increased returns to our shareholders."

For a dividend history and other dividend-related data on American Electric Power (AEP) click here.

You May Also Be Interested In

• Atmus Filtration Technologies (ATMU) Raises Quarterly Dividend 9.1% to $0.06; 0.5% Yield
• Newmarket (NEU) Declares $3.00 Quarterly Dividend; 1.3% Yield
• Navient (NAVI) Declares $0.16 Quarterly Dividend; 6.9% Yield