COLUMBUS,
Ohio, July 24, 2024 /PRNewswire/ -- The Board of
Directors of American Electric Power Co. (Nasdaq: AEP) has declared
a regular quarterly cash dividend of 88
cents a share on the company's common stock.
The dividend is payable Sept. 10, 2024, to shareholders of record as of
Aug. 9, 2024, and is the company's
457th consecutive quarterly common stock cash dividend.
AEP has paid a cash dividend on its common stock every quarter
since July 1910.
At American Electric Power, based in Columbus, Ohio, we understand that our
customers and communities depend on safe, reliable and affordable
power. Our nearly 16,000 employees operate and maintain more than
40,000 miles of transmission lines, the nation's largest electric
transmission system, and more than 225,000 miles of distribution
lines to deliver power to 5.6 million customers in 11 states. AEP
also is one of the nation's largest electricity producers with
approximately 29,000 megawatts of diverse generating capacity,
including nearly 6,000 megawatts of renewable energy. AEP is
investing $43 billion over the next
five years to make the electric grid cleaner and more reliable. We
are on track to reach an 80% reduction in carbon dioxide emissions
from 2005 levels by 2030 and have a goal to achieve net zero by
2045. AEP is recognized consistently for its focus on
sustainability, community engagement 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.
WEBSITE DISCLOSURE
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/.
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SOURCE American Electric Power