American Electric increases quarterly dividend to 95c from 93c a share

The board of directors of American Electric (AEP) Power has declared a regular quarterly cash dividend of 95c per share on the company’s common stock, an increase of 2c per share. The dividend is payable Dec. 10 to shareholders of record as of Nov. 10. “AEP is proud to have delivered a consistent quarterly dividend to our shareholders for 115 years. We remain focused on providing reliable and affordable service for our customers, investing to meet their growing energy needs and creating value for all of our stakeholders,” said Bill Fehrman, AEP chairman, president and CEO.