AEP DECLARES QUARTERLY DIVIDEND ON COMMON STOCK

Rhea-AI Summary

The Board of Directors of American Electric Power (AEP) declared a quarterly cash dividend of 78 cents per share on January 18, 2022. This dividend will be payable on March 10, 2022, to shareholders on record as of February 10, 2022, marking AEP's 447th consecutive quarterly dividend. AEP has consistently paid dividends since July 1910. The company aims to grow its renewable energy capacity to about 50% of its total by 2030 while targeting an 80% reduction in carbon dioxide emissions from 2000 levels by the same year.

Positive

• Quarterly cash dividend of 78 cents enhances shareholder income.
• 447 consecutive quarterly dividends reflect AEP's financial stability.
• Commitment to 50% renewable energy capacity by 2030 shows growth potential.

Negative

• None.

COLUMBUS, Ohio, Jan. 18, 2022 /PRNewswire/ -- The Board of Directors of American Electric Power Co. (Nasdaq: AEP) today declared a regular quarterly cash dividend of 78 cents a share on the company's common stock.

The dividend is payable March 10, 2022, to shareholders of record as of Feb. 10, 2022, and is the company's 447th 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 powering a cleaner, brighter energy future for its customers and communities. AEP's approximately 16,700 employees operate and maintain the nation's largest electricity transmission system and more than 224,000 miles of distribution lines to safely deliver reliable and affordable power to 5.5 million regulated customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 31,000 megawatts of diverse generating capacity, including more than 5,900 megawatts of renewable energy. The company's plans include growing its renewable generation portfolio to approximately 50% of total capacity by 2030. AEP is on track to reach an 80% reduction in carbon dioxide emissions from 2000 levels by 2030 and has committed to achieving net zero by 2050. AEP is recognized consistently for its focus on sustainability, community engagement, and diversity, equity 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 AEP dividend amount for March 2022?

AEP declared a dividend of 78 cents per share.

When is the AEP dividend payable?

The dividend is payable on March 10, 2022.

What is AEP's dividend history?

AEP has paid a cash dividend every quarter since July 1910.

What are AEP's sustainability goals?

AEP aims for an 80% reduction in carbon dioxide emissions by 2030.