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American Electric Power Declares Quarterly Dividend On Common Stock
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 50 cents a share on the company's common stock.
AEP Investing In Operating Companies, Transmission Business To Support Earnings Growth, Shareholders Learn At Company's Annual Meeting
American Electric Power is successfully executing its long-term earnings growth strategy, investing in the company's utility operations and building its transmission business to support an annual earnings growth rate of 4 percent to 6 percent, according to Nicholas K. Akins, AEP's chairman, president and chief executive officer. Akins addressed shareholders at the company's annual meeting today in Fort Wayne, Ind.
AEP Subsidiary Appalachian Power to Redeem Senior Notes
Appalachian Power Company, a public utility subsidiary of American Electric Power, today announced that on May 22, 2014, it will redeem the entire outstanding $200 million principal amount of its 4.95 percent Senior Notes, Series I, due 2015. The notes will be redeemed at 100 percent of the principal amount outstanding (at par value of $100 per Senior Note), plus interest through the date of redemption, plus the required make-whole premium.
