COLUMBUS, Ohio – The board of directors of American Electric Power Co. recently declared a regular quarterly cash dividend of 78 cents per share on the company’s common stock.
The dividend is payable March 10 to shareholders of record as of Feb. 10 and is the company’s 447th consecutive quarterly common stock cash dividend, the company announced Jan. 18. AEP has paid a cash dividend on its common stock every quarter since July 1910.
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, the company states. is also one of the nation’s largest electricity producers with about 31,000 megawatts of diverse generating capacity, including more than 5,900 megawatts of renewable energy.
AEP plans to grow its renewable-generation portfolio to about 50% of total capacity by 2030.