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

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

AEP INCREASES QUARTERLY DIVIDEND TO 83 CENTS A SHARE

October 25, 2022 11:50 AM EDT

COLUMBUS, Ohio, Oct. 25, 2022 /PRNewswire/ -- The Board of Directors of American Electric Power Co. (Nasdaq: AEP) today declared a regular quarterly cash dividend of 83 cents a share on the company's common stock, an increase of 5 cents per share. The increase is in line with the company's 6% to 7% operating earnings growth range.

The dividend is payable Dec. 9, 2022, to shareholders of record as of Nov. 10, 2022. This is the company's 450th consecutive quarterly cash dividend.

"AEP is focused on... More