American Electric Power Raises Quarterly Dividend by 4.5%

Date : 10/22/2019 @ 3:09PM
Source : Dow Jones News
Stock : American Electric Power Company Inc (AEP)
Quote : 90.15  0.59 (0.66%) @ 12:59AM
After Hours
Last Trade
Last $ 90.15 ◊ 0.00 (0.00%)

American Electric Power Raises Quarterly Dividend by 4.5%

American Electric Power (NYSE:AEP)
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By Colin Kellaher


American Electric Power Co. (AEP) on Tuesday said its board raised the quarterly dividend by 4.5%, to 70 cents, from 67 cents.

The new payout, equal to $2.80 a year, represents an annual yield of about 2.96% based on Monday's closing price of $94.48, up from about 2.84%.

The Columbus, Ohio, utility holding company said the increased dividend is payable Dec. 10 to shareholders of record Nov. 8.


Write to Colin Kellaher at


(END) Dow Jones Newswires

October 22, 2019 10:54 ET (14:54 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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