COLUMBUS, Ohio, Oct. 22,
2024 /PRNewswire/ -- The Board of Directors of
American Electric Power Co. (Nasdaq: AEP) today declared a regular
quarterly cash dividend of 93 cents a
share on the company's common stock, an increase of 5 cents per share.
The dividend is payable Dec. 10, 2024, to shareholders of
record as of Nov. 8, 2024, and is the
company's 458th consecutive quarterly common stock cash dividend.
AEP has paid a cash dividend on its common stock every quarter
since July 1910.
"AEP is strengthening our operations to deliver reliable,
affordable energy for customers and results for investors," said
Bill Fehrman, AEP president and
chief executive officer. "Our nearly 115-year history of
consecutive quarterly dividends reflects this commitment to
providing consistent value to our shareholders. We are proud to
continue this tradition while remaining focused on our strategy to
enhance service for customers."
About AEP
At American Electric Power, based in Columbus, Ohio, we understand that our
customers and communities depend on safe, reliable and affordable
power. Our nearly 16,000 employees operate and maintain more than
40,000 miles of transmission lines, the nation's largest electric
transmission system, and more than 225,000 miles of distribution
lines to deliver power to 5.6 million customers in 11 states. AEP
also is one of the nation's largest electricity producers with
approximately 29,000 megawatts of diverse generating capacity,
including nearly 6,000 megawatts of renewable energy. AEP is
investing $43 billion over the next
five years to make the electric grid cleaner and more reliable. We
are on track to reach an 80% reduction in carbon dioxide emissions
from 2005 levels by 2030 and have a goal to achieve net zero by
2045. AEP is recognized consistently for its focus on
sustainability, community engagement and inclusion. AEP's family of
companies includes utilities AEP Ohio, AEP Texas, Appalachian Power
(in Virginia and West Virginia), AEP Appalachian Power (in
Tennessee), Indiana Michigan
Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power
Company (in Arkansas, Louisiana, east Texas and the Texas
Panhandle). AEP also owns AEP Energy, which provides
innovative competitive energy solutions nationwide. For more
information, visit aep.com.
WEBSITE DISCLOSURE
AEP may use its website as a distribution channel for material
company information. Financial and other important information
regarding AEP is routinely posted on and accessible through AEP's
website at https://www.aep.com/investors/. In addition, you may
automatically receive email alerts and other information about AEP
when you enroll your email address by visiting the "Email Alerts"
section at https://www.aep.com/investors/.
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SOURCE American Electric Power