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 colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

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

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

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