April 26, 2022
AEP Declares Quarterly Dividend on Common Stock
COLUMBUS, Ohio, April 26, 2022 – The Board of Directors of American Electric Power Co. (Nasdaq: AEP) today declared a regular quarterly cash dividend of 78 cents a share on the company’s common stock.
The dividend is payable June 10, 2022, to shareholders of record as of May 10, 2022, and is the company’s 448th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910.
American Electric Power, based in Columbus, Ohio, is powering a cleaner, brighter energy future for its customers and communities. 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. AEP also is one of the nation’s largest electricity producers with approximately 31,000 megawatts of diverse generating capacity, including more than 7,100 megawatts of renewable energy. The company’s plans include growing its renewable generation portfolio to approximately 50% of total capacity by 2030. AEP is on track to reach an 80% reduction in carbon dioxide emissions from 2000 levels by 2030 and has committed to achieving net zero by 2050. AEP is recognized consistently for its focus on sustainability, community engagement, and diversity, equity and inclusion. AEP’s family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. For more information, visit aep.com.
WEBSITE DISCLOSURE
AEP may use its website as a distribution channel for material company information. Financial and other important information regarding AEP is routinely posted on and accessible through AEP’s website at https://www.aep.com/investors/. In addition, you may automatically receive email alerts and other information about AEP when you enroll your email address by visiting the “Email Alerts” section at https://www.aep.com/investors/.
| MEDIA CONTACT: | ANALYSTS CONTACT: | |
|---|---|---|
| Sarah Devine Corporate Media Relations 614/716-2011 |
Darcy Reese Vice President, Investor Relations 614/716-2614 |
Other News Releases
November 14, 2024
AEP Leveraging Fuel Cell Technology to Power Data Center Growth
This customer-focused effort is the largest utility fuel cell initiative in the country
AEP is offering large customers a custom solution to support their growing energy needs with fuel cell technology. AEP has an agreement in place to secure up to 1 gigawatt (GW) of Bloom Energy solid oxide fuel cells for data centers and other large energy users who need to quickly power their operations while the grid is built out to accommodate demand. This is the largest utility fuel cell technology initiative in the nation.
November 14, 2024
Appalachian Power Explores Small Modular Reactors to Meet Future Energy Demand In Virginia
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November 06, 2024
AEP Reports Third-Quarter 2024 Earnings, Introduces New Growth Rate and Capital Plan
- Third-quarter 2024 GAAP earnings of $1.80 per share; operating earnings of $1.85 per share
- Narrows 2024 operating earnings (non-GAAP) guidance to $5.58 to $5.68 per share, maintaining $5.63 midpoint
- Announces new long-term growth rate of 6% to 8% based off of 2025 operating earnings guidance of $5.75 to $5.95 per share
- Expands five-year capital plan to $54 billion to support reliability and demand growth