American Electric Power Boosts Quarterly Dividend to 95 Cents
American Electric Power Increases Quarterly Dividend
The Board of Directors of American Electric Power (NASDAQ: AEP) has announced a significant increase in its quarterly cash dividend, now set at 95 cents per share on the company’s common stock. This raise marks an increase of two cents from the previous dividend rate, reflecting AEP’s commitment to its shareholders.
Dividend Payment Schedule and Company History
This increase in dividend is scheduled for payment on December 10, 2025, to all shareholders who are on record by November 10, 2025. This milestone represents the 462nd consecutive quarterly cash dividend paid by the company. Notably, AEP has maintained a tradition of paying dividends for over 115 years, having started this practice in July 1910.
CEO Statement on Dividend Consistency
Bill Fehrman, the chairman, president, and CEO of AEP, remarked on the significance of this achievement, stating, "AEP is proud to have delivered a consistent quarterly dividend to our shareholders for 115 years. We remain focused on providing reliable and affordable service for our customers, investing to meet their growing energy needs and creating value for all of our stakeholders."
About American Electric Power
American Electric Power (NASDAQ: AEP) is dedicated to improving the lives of its customers through dependable and affordable electricity. The company has announced an aggressive investment plan of $54 billion scheduled from 2025 to 2029, aimed at enhancing service capabilities and supporting the increasing energy demands of communities.
Infrastructure and Workforce
Employing nearly 17,000 team members, AEP operates the largest electric transmission network in the United States, boasting 40,000 line miles alongside over 225,000 miles of distribution lines, all serving approximately 5.6 million customers spread across 11 states. Additionally, AEP is recognized as one of the largest electricity producers with a generating capacity of around 30,000 megawatts, composed of diverse energy sources.
Focus on Safety and Operational Excellence
AEP emphasizes safety and operational excellence as core values. The organization aims to generate economic growth and community engagement throughout its service areas. The family of companies under AEP includes several regional subsidiaries such as AEP Ohio, AEP Texas, and Appalachian Power in multiple states, enhancing their footprint and service capabilities.
Competitive Retail Energy Supplier
In addition to its generation and transmission operations, AEP owns AEP Energy, a competitive retail energy supplier, which further diversifies its offerings and service excellence. Customers can expect not only reliable power but also engagement in economic development and other crucial areas of community life.
Frequently Asked Questions
What is the new dividend amount declared by AEP?
The new quarterly dividend is set at 95 cents per share.
When will the new dividend be paid?
The dividend will be payable on December 10, 2025, to shareholders of record as of November 10, 2025.
How long has AEP been paying dividends?
AEP has been paying dividends consistently for over 115 years since July 1910.
What is AEP's investment plan for the upcoming years?
AEP plans to invest $54 billion between 2025 and 2029 to enhance service and support community energy needs.
How many customers does AEP serve?
AEP serves approximately 5.6 million customers across 11 states.
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