American Electric Power (AEP) Raises Quarterly Dividend 6% to $0.88; 4.7% Yield

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AEP INCREASES QUARTERLY DIVIDEND TO 88 CENTS A SHARE

October 24, 2023 12:37 PM EDT

COLUMBUS, Ohio, Oct. 24, 2023 /PRNewswire/ -- The Board of Directors of American Electric Power Co. (Nasdaq: AEP) today declared a regular quarterly cash dividend of 88 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... More