The revised dividend amounts to $3.88 on an annualized basis. Based on the closing stock price of $127.16 recorded on Tuesday, this adjustment reflects an annual yield of approximately 3.05%. The company intends to distribute these funds on December 10 to all shareholders of record as of November 10.
American Electric Power Increases Quarterly Payout to 97 Cents
Shareholders of American Electric Power are set to receive a larger quarterly check this winter. The Columbus-based utility provider confirmed a 2.1% hike to its dividend, elevating the payout from 95 cents to 97 cents per share, as the company continues its pattern of incremental capital returns to investors.
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