Central and South West Corporation (CSW) Stock History

On December 22, 1997, Central and South West Corporation announced a definitive merger agreement for a tax-free, stock-for-stock transaction with American Electric Power Company, Inc.

On June 15, 2000 the merger between AEP & CSW took effect. For every 1 share of CSW stock, the CSW shareholder received .6 shares of AEP; for example, 100 shares of CSW stock would equate to 60 shares of AEP stock. On the day of the merger, AEP closed at $35 per share and CSW closed at $20.9375.

A note for AEP shareowners who formerly owned Central and South West Corporation common stock: If you have questions about your account, please call the company's transfer agent, Computershare, at 1-800-328-6955.

Stock Price Lookup

Date Open High Low Close Volume
6/15/2000 $20.38 $21.06 $20.38 $20.94 923,500

CSW Historical Dividends Per Share

Note: In 1947, Middle South Utilities was split into various companies, therefore, for comparative purposes, dividend per share data goes back only to 1947 on this schedule.

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Stock Splits
Year Dividends
Per Share
1959 1973 1992
1947 0.35000 0.17500 0.08750 0.04375
1948 0.75000 0.37500 0.18750 0.09375
1949 0.82500 0.41250 0.20625 0.10313
1950 0.90000 0.45000 0.22500 0.11250
1951 0.90000 0.45000 0.22500 0.11250
1952 0.95000 0.47500 0.23750 0.11875
1953 1.04000 0.52000 0.26000 0.13000
1954 1.20000 0.60000 0.30000 0.15000
1955 1.34000 0.67000 0.33500 0.16750
1956 1.45000 0.72500 0.36250 0.18125
1957 1.60000 0.80000 0.40000 0.20000
1958 1.70000 0.85000 0.42500 0.21250
1959   0.90000 0.45000 0.22500
1960   0.96000 0.48000 0.24000
1961   1.02000 0.51000 0.25500
1962   1.08000 0.54000 0.27000
1963   1.18000 0.59000 0.29500
1964   1.28000 0.64000 0.32000
1965   1.38000 0.69000 0.34500
1966   1.50000 0.75000 0.37500
1967   1.60000 0.80000 0.40000
1968   1.70000 0.85000 0.42500
1969   1.80000 0.90000 0.45000
1970   1.90000 0.95000 0.47500
1971   2.00000 1.00000 0.50000
1972   2.08000 1.04000 0.52000
1973     1.08000 0.54000
1974     1.12000 0.56000
1975     1.16000 0.58000
1976     1.20000 0.60000
1977     1.26000 0.63000
1978     1.34000 0.67000
1979     1.42000 0.71000
1980     1.50000 0.75000
1981     1.58000 0.79000
1982     1.68000 0.84000
1983     1.78000 0.89000
1984     1.90000 0.95000
1985     2.02000 1.01000
1986     2.14000 1.07000
1987     2.28000 1.14000
1988     2.44000 1.22000
1989     2.60000 1.30000
1990     2.76000 1.38000
1991     2.92000 1.46000
1992       1.54000
1993       1.62000
1994       1.70000
1995       1.72000
1996       1.74000
1997       1.74000
1998       1.74000
1999       1.74000
2000       0.87000

Tax Consequences of Merger

In Accordance with the merger agreement , the following are the tax consequences of the merger to CSW shareholders:

  1. the aggregate basis of the AEP Shares received by a CSW stockholder in the Merger (including any fractional share deemed received) will be the same as the aggregate basis of the CSW Shares surrendered in exchange therefore;
  2. the holding period of the AEP Shares received by a CSW stockholder in the Merger (including any fractional share deemed received) will include the holding period of the CSW Shares surrendered in exchange therefore,
  3. a stockholder of CSW who receives cash in lieu of a fractional share will recognize gain or loss equal to the difference, if any, between such stockholder's basis in the fractional share (as described in paragraph (c) above) and the amount of cash received. Such gain or loss will be eligible for long-term capital gain or loss treatment if the CSW shares would have been eligible for the capital gain or loss treatment under current IRS regulations.

Tax matters can be complicated and the tax consequences of the merger to you will depend on the facts of your own situation. You should consult your own tax advisors to fully understand the tax consequences of the merger to you.

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