Le Lézard
Classified in: Oil industry, Business
Subjects: DIV, FVT

AEP Increases Quarterly Dividend To 70 Cents A Share


COLUMBUS, Ohio, Oct. 22, 2019 /PRNewswire/ -- The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 70 cents a share on the company's common stock, an increase of 3 cents per share. AEP has increased the dividend an average of 6.3% over the past two years, in line with its 5% to 7% earnings growth range.

The dividend is payable Dec. 10, 2019, to shareholders of record as of Nov. 8, 2019, and is the company's 438th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910.

"Strategic investment in our regulated businesses, our commitment to customer service and our pursuit of innovative energy solutions continue to benefit both our investors and customers," said Nicholas K. Akins, AEP chairman, president and chief executive officer. "We're proud to continue AEP's tradition of delivering strong financial results and increased returns to our valued shareholders."

American Electric Power, based in Columbus, Ohio, is focused on building a smarter energy infrastructure and delivering new technologies and custom energy solutions to our customers. AEP's approximately 18,000 employees operate and maintain the nation's largest electricity transmission system and more than 219,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.4 million regulated customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 32,000 megawatts of diverse generating capacity, including about 5,200 megawatts of renewable energy. AEP's family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners, and AEP Renewables, which provide innovative competitive energy solutions nationwide. For more information, visit aep.com.

(PRNewsfoto/American Electric Power)

 

SOURCE American Electric Power


These press releases may also interest you

21 nov 2019
MEG Energy Corp. announced today its 2020 capital investment plan and operational guidance. Highlights include: A capital budget of $250 million, to be fully funded with a portion of expected 2020 adjusted funds flow;2020 production guidance of...

21 nov 2019
On Nov 20, the fifth debate by Democrat Presidential hopefuls devoted considerable attention to "climate change"?that is, predicted catastrophic climate disruptions caused by human emissions of greenhouse gases, especially carbon dioxide. Tom...

21 nov 2019
According to the American Chemistry Council (ACC), the U.S. Chemical Production Regional Index (U.S. CPRI) edged higher by 0.2 percent in October following gains of 0.5 percent in September and 0.2 percent in August. During October, chemical output...

21 nov 2019
The following statement may be attributed to Paul Griffin, Executive Director of Energy Fairness, regarding today's hearing by the Alabama Public Service Commission on standby charges for residential solar customers....

21 nov 2019
CruzSur Energy Corp. (the "Company" or "CruzSur" ) announces that  it  has received approval from the TSX Venture Exchange to  issue 670,608 common shares of the Company (the "Shares") at a deemed price of $0.25 per Share in satisfaction of the...

21 nov 2019
IDACORP, Inc. announced today that it has adopted a new dividend policy that provides for a target long-term dividend payout ratio of between 60 and 70% of sustainable IDACORP earnings. This is the first time the company has changed the dividend...



News published on 22 october 2019 at 10:32 and distributed by: