American Electric Power Declares 460th Consecutive Quarterly Dividend for Shareholders

AEP Declares Quarterly Cash Dividend

American Electric Power (AEP), one of the largest electricity producers in the United States, has made a significant announcement regarding its dividends. On April 29, 2025, the company's Board of Directors declared a regular quarterly cash dividend amounting to 93 cents per share. This decision marks a remarkable milestone, as it signifies the 460th consecutive quarterly dividend payment for AEP's common stock, a trend that has continued uninterrupted since July 1910.

The cash dividend is set to be paid to shareholders of record as of May 9, 2025, with the payment date scheduled for June 10, 2025. Such a long-standing dividend payment history reflects AEP's strong commitment to delivering value to its shareholders and maintaining financial stability even in an evolving energy landscape.

A Legacy of Reliability and Commitment

AEP has not just focused on consistent dividends but has also prioritized improving customer service and ensuring reliable energy supply. The company emphasizes its dedication to reliability with plans for significant investment. Over the period from 2025 to 2029, AEP is committed to investing approximately $54 billion in its infrastructure. This investment aims to enhance service capabilities and better meet the growing energy demands of its vast customer base.

With nearly 16,000 employees, AEP operates the nation’s largest electric transmission system, extending over 40,000 line miles and maintaining over 225,000 miles of distribution lines that deliver energy to about 5.6 million customers across 11 states. As one of the largest electricity producers, with a generating capacity of approximately 29,000 megawatts, AEP ensures its services are both reliable and affordable.

AEP’s Commitment to Stakeholders

AEP's strategy goes beyond just financial aspects. The company is keenly focused on operational excellence, safety, and creating added value for all its stakeholders. Through aggressive economic development initiatives and community engagement, AEP seeks to foster growth and development within the regions they serve.

AEP operates under various subsidiaries, including AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia, and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company that services Arkansas, Louisiana, East Texas, and the Texas Panhandle. Additionally, AEP Energy provides innovative energy solutions on a national scale, enhancing AEP's reach and service offerings.

Recognizing the Role of Technology

Moving forward, AEP recognizes the critical role of technology in delivering reliable services. The technology integration not only aims to enhance operational efficiency but also ensures the sustainability and environmental responsibility of their energy production methods. As energy needs evolve, adapting to technological advancements remains a priority for AEP.

In conclusion, American Electric Power’s latest dividend declaration not only highlights its unwavering commitment to shareholders but also reflects its broader dedication to delivering reliable energy and supporting the communities it serves. The blend of financial reliability paired with significant infrastructure investment positions AEP favorably as an industry leader in the electric utility sector. Shareholders and customers alike can look forward to a future characterized by growth, stability, and enhanced service reliability. For more information about AEP and its services, visit AEP's official website.