American Electric Power Declares Quarterly Dividend
The Board of Directors of American Electric Power (Nasdaq: AEP) has made an announcement regarding its regular quarterly cash dividend, setting it at 93 cents per share on common stock. This statement reaffirms the company's ongoing dedication to delivering value to its shareholders.
Details of the Dividend Payment
The dividend will be payable on a date that is set for September. Shareholders recorded ahead of the dividend payment date will benefit from this rewarding financial gesture from AEP. This announcement marks AEP's commitment to a consecutive quarterly cash dividend for an impressive 461 times.
AEP's Commitment to Reliable Energy
As one of the largest electric utilities, AEP is dedicated to supporting its customers with dependable and cost-effective energy solutions. To fulfill this promise, AEP has planned a remarkable investment of $54 billion from 2025 through 2029. This investment aims to enhance customer service and address the growing energy demands of communities served by AEP.
Operational Excellence and Community Engagement
With nearly 16,000 employees, AEP operates the nation's most extensive electric transmission system, greatly contributing to the energy needs of approximately 5.6 million customers across multiple states. Known for its focus on safety, operational excellence, and community engagement, AEP remains a leader in energy production with around 30,000 megawatts of diverse generating capacity.
AEP's Family of Companies
The company operates various subsidiaries, including AEP Ohio, AEP Texas, Appalachian Power, Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company. These entities collectively bolster AEP's vision of community development and reliable service.
Using Digital Platforms for Communication
AEP embraces modern communication by utilizing its website as a vital channel for distributing important company information. Key financial details and updates are consistently accessible through AEP's online platform.
Frequently Asked Questions
What is the declared dividend amount by AEP?
AEP has declared a quarterly cash dividend of 93 cents per share on its common stock.
When will the dividend be paid?
The dividend is scheduled to be paid on September 10 to shareholders of record as of August 8.
How many consecutive quarterly dividends has AEP paid?
AEP has paid a cash dividend every quarter for 461 consecutive times, showcasing their commitment to shareholders.
What is AEP's investment strategy?
AEP plans to invest $54 billion from 2025 to 2029 to enhance service and meet increasing energy needs across its service areas.
What is AEP known for?
AEP is known for operating the largest electric transmission system in the U.S., delivering energy to millions of customers while prioritizing safety and operational excellence.
