American Electric Power (NYSE: AEP) declared a quarterly dividend of $0.67 per share, or $2.68 annualized. This is an 8.1% increase from the prior dividend of $0.62.

The dividend will be payable on December 10, 2018, to stockholders of record on November 9, 2018, with an ex-dividend date of November 8, 2018.

The annual yield on the dividend is 3.7 percent.

"Our strategy to focus investments in our regulated businesses continues to benefit both our customers and our shareholders," said Nicholas K. Akins, AEP chairman, president and chief executive officer. "Thanks to the efforts of our employees and their commitment to innovation and continuous improvement, we are pleased to provide increased returns to our valued investors as we mark 108 years of consecutive quarterly dividends."

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