American Electric Power (NYSE:AEP)
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1 Month : From Oct 2019 to Nov 2019
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.
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(END) Dow Jones Newswires
October 22, 2019 10:54 ET (14:54 GMT)
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