AEP DECLARES QUARTERLY DIVIDEND ON COMMON STOCK

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American Electric Power Co. (AEP) announces a quarterly cash dividend of 88 cents per share on its common stock. The dividend, payable on June 10, 2024, marks the company's 456th consecutive quarterly dividend since July 1910. AEP focuses on providing safe, reliable, and affordable power to over 5.6 million customers across 11 states, with significant investments in renewable energy and grid modernization. The company aims for an 80% reduction in carbon dioxide emissions by 2030 and net zero emissions by 2045, demonstrating a commitment to sustainability and community engagement.

Positive

• AEP declares a quarterly cash dividend of 88 cents per share on its common stock.
• The dividend is payable on June 10, 2024, to shareholders of record as of May 10, 2024.
• This marks AEP's 456th consecutive quarterly common stock cash dividend since July 1910.
• AEP operates over 40,000 miles of transmission lines and 225,000 miles of distribution lines, serving 5.6 million customers in 11 states.
• The company has a diverse generating capacity of approximately 29,000 megawatts, including nearly 6,000 megawatts of renewable energy.
• AEP is investing $43 billion over the next five years to enhance the electric grid's sustainability and reliability.
• The company aims to achieve an 80% reduction in carbon dioxide emissions from 2005 levels by 2030 and reach net zero emissions by 2045.
• AEP is recognized for its focus on sustainability, community engagement, and inclusion.
• AEP's family of companies includes utilities like AEP Ohio, AEP Texas, and others, along with AEP Energy providing competitive energy solutions nationwide.

Negative

• None.

COLUMBUS, Ohio, April 23, 2024 /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.

The dividend is payable June 10, 2024, to shareholders of record as of May 10, 2024, and is the company's 456^th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910.

At American Electric Power, based in Columbus, Ohio, we understand that our customers and communities depend on safe, reliable and affordable power. Our nearly 17,000 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

FAQ

What is the quarterly dividend amount declared by American Electric Power Co. (AEP)?

AEP declared a regular quarterly cash dividend of 88 cents a share on its common stock.

When is the dividend payable to shareholders for American Electric Power Co. (AEP)?

The dividend is payable on June 10, 2024, to shareholders of record as of May 10, 2024.

How many customers does American Electric Power Co. (AEP) serve?

AEP serves power to 5.6 million customers in 11 states.

What is American Electric Power Co. (AEP) investing $43 billion in over the next five years?

AEP is investing in making the electric grid cleaner and more reliable.

What are the environmental goals set by American Electric Power Co. (AEP)?

AEP aims for an 80% reduction in carbon dioxide emissions by 2030 and net zero emissions by 2045.

Which states does American Electric Power Co. (AEP) provide power to?

AEP provides power to customers in 11 states.

What is the website where investors can find important information about American Electric Power Co. (AEP)?

Financial and important information about AEP can be found on the company's website at https://www.aep.com/investors/.