AEP Declares Quarterly Dividend On Common Stock

Rhea-AI Summary

American Electric Power (AEP) declared a quarterly cash dividend of 74 cents per share on April 20, 2021. This dividend, which will be paid on June 10, 2021, is for shareholders recorded as of May 10, 2021. This marks AEP's 444th consecutive quarterly dividend, highlighting its long-standing commitment to returning value to shareholders since July 1910. AEP delivers power to nearly 5.5 million customers across 11 states and operates the largest electricity transmission system in the U.S.

Positive

• Declared a quarterly cash dividend of 74 cents per share, indicating strong cash flow.
• 444th consecutive quarterly dividend reflects commitment to shareholder returns.
• Company has consistently paid dividends since July 1910, showing financial stability.

Negative

• None.

COLUMBUS, Ohio, April 20, 2021 /PRNewswire/ -- The Board of Directors of American Electric Power Co. (Nasdaq: AEP) today declared a regular quarterly cash dividend of 74 cents a share on the company's common stock.

The dividend is payable June 10, 2021, to shareholders of record as of May 10, 2021, and is the company's 444th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910.

American Electric Power, based in Columbus, Ohio, is focused on building a smarter energy infrastructure and delivering new technologies and custom energy solutions to our customers. AEP's approximately 16,800 employees operate and maintain the nation's largest electricity transmission system and more than 223,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.5 million regulated customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 30,000 megawatts of diverse generating capacity, including more than 5,500 megawatts of renewable energy. 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, AEP Energy Partners, AEP OnSite Partners, and AEP Renewables, which provide innovative competitive energy solutions nationwide. For more information, visit aep.com.

 

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SOURCE American Electric Power

FAQ

What is the dividend amount declared by AEP?

AEP declared a quarterly cash dividend of 74 cents per share.

When will AEP's dividend be paid?

The dividend will be paid on June 10, 2021.

What is the record date for AEP's dividend?

The record date for the dividend is May 10, 2021.

How long has AEP been paying dividends?

AEP has paid cash dividends on its common stock every quarter since July 1910.

How many customers does AEP serve?

AEP serves nearly 5.5 million regulated customers across 11 states.