AEP Declares Quarterly Dividend On Common Stock

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The Board of Directors of American Electric Power Co. (AEP) announced a quarterly cash dividend of 74 cents per share on its common stock, payable on Sept. 10, 2021. Shareholders of record by August 10, 2021 will receive this dividend, marking AEP's 445th consecutive quarterly dividend since its first in July 1910. AEP serves 5.5 million customers across 11 states and aims to achieve an 80% reduction in carbon emissions by 2030, with plans to increase renewable energy capacity to 50% of its total capacity by the same year.

Positive

• Declared a quarterly cash dividend of 74 cents per share.
• 445 consecutive quarterly dividends, reflecting strong shareholder returns.
• Commitment to achieving 80% reduction in carbon emissions by 2030.
• Plan to grow renewable generation to 50% of total capacity by 2030.

Negative

• None.

COLUMBUS, Ohio, July 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 Sept. 10, 2021, to shareholders of record as of August 10, 2021, and is the company's 445th 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 16,800 employees operate and maintain the nation's largest electricity transmission system and more than 223,000 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 30,000 megawatts of diverse generating capacity, including more than 5,600 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 achieve an 80% reduction in carbon dioxide emissions from 2000 levels by 2030 and has committed to achieve 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 amount of the latest dividend declared by AEP?

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

When is the AEP dividend payment date?

The dividend is payable on Sept. 10, 2021.

What is the record date for AEP's dividend?

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

How long has AEP been paying dividends?

AEP has paid dividends every quarter since July 1910.

What are AEP's renewable energy goals?

AEP aims to grow its renewable generation to approximately 50% of total capacity by 2030.