American Electric Power Raises Dividend
October 20 2020 - 1:22PM
Dow Jones News
By Stephen Nakrosis
American Electric Power Co. on Tuesday said its board approved
an increase in the company's quarterly dividend, raising it by four
cents to 74 cents a share.
"The increase is in line with the company's 5% to 7% operating
earnings growth range," American Electric Power said.
The dividend will be payable on Dec. 10 to stockholders of
record as of Nov. 10, the company said.
Nicholas K. Akins, the company's chairman, president and chief
executive, said "AEP has paid a cash dividend on its common stock
every quarter since 1910, and we're pleased our strategic business
decisions continue to provide increased returns to our
shareholders."
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
October 20, 2020 14:07 ET (18:07 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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