July 19, 2022
AEP Declares Quarterly Dividend on Common Stock
COLUMBUS, Ohio, July 19, 2022 – The Board of Directors of American Electric Power Co. (Nasdaq: AEP) today declared a regular quarterly cash dividend of 78 cents a share on the company’s common stock.
The dividend is payable Sept. 9, 2022, to shareholders of record as of Aug. 10, 2022, and is the company’s 449th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910.
American Electric Power, based in Columbus, Ohio, is powering a cleaner, brighter energy future for its customers and communities. AEP’s approximately 16,700 employees operate and maintain the nation’s largest electricity transmission system and more than 224,000 miles of distribution lines to safely deliver reliable and affordable power to 5.5 million regulated customers in 11 states. AEP also is one of the nation’s largest electricity producers with approximately 31,000 megawatts of diverse generating capacity, including more than 7,100 megawatts of renewable energy. The company’s plans include growing its renewable generation portfolio to approximately 50% of total capacity by 2030. AEP is on track to reach an 80% reduction in carbon dioxide emissions from 2000 levels by 2030 and has committed to achieving net zero by 2050. AEP is recognized consistently for its focus on sustainability, community engagement, and diversity, equity and inclusion. 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, which provides innovative competitive energy solutions nationwide. For more information, visit aep.com.
AEP may use its website as a distribution channel for material company information. Financial and other important information regarding AEP is routinely posted on and accessible through AEP’s website at https://www.aep.com/investors. In addition, you may automatically receive email alerts and other information about AEP when you enroll your email address by visiting the “Email Alerts” section at https://www.aep.com/investors.
Other News Releases
August 21, 2023
AEP Board Elects Sloat Chair, Names Stoddard Board Member
The Board of Directors of American Electric Power has elected Julie Sloat chair of the Board, effective Oct. 2. Sloat is AEP’s president and chief executive officer. In addition, Daniel G. "Dan" Stoddard, retired senior vice president, chief nuclear officer and president of Contracted Assets for Dominion Energy, has been elected to the Board.
August 16, 2023
AEP Completes Sale of Unregulated Renewables Assets
American Electric Power has completed the sale of its 1,365-megawatt (MW) unregulated, contracted renewables portfolio to IRG Acquisition Holdings, a partnership owned by Invenergy, CDPQ and funds managed by Blackstone Infrastructure, at an enterprise value of $1.5 billion including project debt. AEP nets approximately $1.2 billion in cash after taxes, transaction fees and other customary adjustments.
August 01, 2023Read more