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COLUMBUS - American Electric Power (NASDAQ:AEP) announced Tuesday that its Board of Directors has declared a regular quarterly cash dividend of 93 cents per share on the company’s common stock, representing a 3.43% yield. According to InvestingPro data, AEP has raised its dividend for 15 consecutive years.
The dividend will be payable on September 10, 2025, to shareholders of record as of August 8, 2025, according to a company press release.
This marks AEP’s 461st consecutive quarterly common stock cash dividend. The company has maintained an unbroken record of quarterly dividend payments since July 1910, spanning more than a century of distributions to shareholders.
American Electric Power operates the nation’s largest electric transmission system with 40,000 line miles and over 225,000 miles of distribution lines. The utility serves approximately 5.6 million customers across 11 states.
The company recently announced plans to invest $54 billion from 2025 through 2029 to enhance customer service and support growing energy needs in its service territories.
AEP employs nearly 16,000 workers and maintains approximately 30,000 megawatts of generating capacity. Trading at a P/E ratio of 21.02, the company’s family of subsidiaries includes regional utilities such as AEP Ohio, AEP Texas, Appalachian Power, Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company.
In other recent news, American Electric Power (AEP) reported a strong start to 2025 with an earnings per share (EPS) of $1.54, surpassing the forecast of $1.41. However, the company’s revenue fell short at $5.46 billion against the projected $5.59 billion. In another development, AEP Transmission Company secured a $425 million senior notes offering, facilitated by PNC Capital Markets LLC, Truist Securities, Inc., and U.S. Bancorp Investments, Inc. Additionally, S&P Global Ratings revised AEP’s outlook to stable from negative, citing improved financial performance despite a $54 billion five-year capital spending plan. BofA Securities adjusted its price target for AEP to $114.00 from $117.00, while maintaining a Buy rating, noting updated earnings estimates for the second quarter of 2025. The company also announced leadership changes, with Rob Berntsen appointed as executive vice president and general counsel, and Johannes Eckert as executive vice president and chief information and technology officer. These developments reflect AEP’s ongoing strategic adjustments and financial activities.
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