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October 22, 2019

AEP Increases Quarterly Dividend to 70 Cents a Share

COLUMBUS, Ohio, Oct. 22, 2019 – 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.

 

Other News Releases

November 08, 2019

AEP To Continue Investment in Regulated Businesses and Renewables, Reaffirms Operating Earnings Growth Rate of 5 Percent to 7 Percent

American Electric Power will continue focusing capital investments in its regulated operations and contracted renewables as the company builds a cleaner, smarter and more reliable energy system to benefit both customers and shareholders. The company reaffirmed its 2020 operating earnings (earnings excluding special items) guidance range of $4.25 to $4.45 per share, and its projected annual operating earnings growth rate of 5% to 7%. AEP management will discuss the company’s financial outlook and earnings growth strategy at the annual Edison Electric Institute Financial Conference that begins Nov. 10 in Orlando, Fla.

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November 05, 2019

AEP Announces Live Webcast of Presentation by Chief Executive Officer at EEI Financial Conference Nov. 12

American Electric Power has scheduled a live audio webcast of remarks by AEP Chairman, President and Chief Executive Officer Nicholas K. Akins Nov. 12 at the 54th annual Edison Electric Institute Financial Conference in Orlando, Fla.

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October 24, 2019

AEP Reports Strong Third-Quarter 2019 Earnings, Raises and Narrows Full-Year Earnings Guidance Range

  • Third-quarter 2019 GAAP earnings of $1.49 per share; third-quarter 2019 operating earnings of $1.46 per share
  • Investments to benefit customers, plus weather, support strong earnings performance
  • AEP raises and narrows full-year operating earnings (non-GAAP) guidance range to $4.14 to $4.24 per share
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