How do I reinvest my dividends in AEP stock?
If you are a registered shareholder of AEP common stock and want to reinvest all
of the dividend on your shares--or want to receive a cash dividend on some of your
shares and reinvest the dividend on the remaining shares--you can receive an enrollment
packet by contacting Computershare at 1-800-328-6955. With
either option, you can also make voluntary cash payments. (If you do not want to
reinvest but want to buy additional shares, see "Voluntary Cash Purchases of
Shares".)
"Full" Reinvestment is just that, the reinvestment of the full dividend
to purchase additional shares.
"Partial" Reinvestment is where the shareholder indicates the number of
whole shares to receive the cash dividend. The dividends on all remaining shares
are reinvested. The shareholder will receive a check for the dividend on the indicated
number of shares and a statement of the reinvested dividend.
The Reinvestment Statement is sent as soon as possible after the reinvestment is
completed.
Changes to the Plan can be made by contacting Computershare
at 1-800-328-6955 to request an "option change" form. A packet will be
sent which contains an Enrollment Authorization Form on which they can indicate
the new investment intent. The words "Option Change" should be written
on the form.
Stock held in "street" or "nominee" name with a broker, bank
or other financial entity, is not eligible to participate in the Plan; however,
you can contact the broker, bank, etc., and ask that a certificate be issued. When
Computershare registers the shares in certificate form, a Plan
enrollment packet will automatically be sent.
Can dividends be directly deposited to my bank account?
AEP offers shareholders the opportunity to deposit dividends directly to their account
at a financial institution. Through the Direct Deposit service, your dividend will
be sent by Electric Funds Transfer (EFT) directly to your designated bank account
on the payable date. Contact Computershare at 1-800-328-6955
for information on Direct Deposit or to request an enrollment form.
When are dividends paid?
AEP's dividends are customarily paid on or about the 10th of March, June, September
and December. The dividend record date normally precedes the dividend payment date
by approximately one month.
As a registered shareholder, you are entitled to receive any cash dividends paid
by AEP on the shares you hold on a record date. Current dividends, as well as future
payments, are typically determined by the Board of Directors. When the Board declares
a dividend, they also establish a dividend record date. The record date is the designated
date on which shares must be held to receive a dividend payment. If you have the
dividend check mailed to you and it does not arrive within 5 days of the payable
date, please contact Computershare at 1-800-328-6955 for a
replacement.
What should I do about the loss or theft of a dividend check?
If you believe your dividend check has been lost or stolen, or if you have not received
it within 5 days of the payable date, contact us immediately. Upon authorization
from you, a stop payment order will be placed against the original check and a replacement
check will be issued to you. Once a dividend check is replaced, the original check
is no longer valid and should not be cashed if received.
You may replace a dividend check by contacting Computershare
at 1-800-328-6955.
