American Electric Power (AEP) Raises Quarterly Dividend 5.4% to $0.59; 3.7% Yield

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AEP Increases Quarterly Dividend To 59 Cents A Share

October 25, 2016 10:14 AM EDT

COLUMBUS, Ohio, Oct. 25, 2016 /PRNewswire/ -- The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 59 cents a share on the company's common stock, increasing the dividend 5.4 percent from the previous 56 cents a share. AEP last increased its dividend in October 2015.

The dividend is payable Dec. 9, 2016, to shareholders of record as of Nov. 10, 2016. AEP has paid a cash... More