American Electric Power Boosts Quarterly Cash Dividend From $0.88 To $0.93 Per Share
Portfolio Pulse from Benzinga Newsdesk
American Electric Power (AEP) has announced an increase in its quarterly cash dividend from $0.88 to $0.93 per share, payable on December 10, 2024, to shareholders of record as of November 8, 2024. This marks the company's 458th consecutive quarterly dividend.
October 22, 2024 | 9:22 pm
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American Electric Power has increased its quarterly dividend from $0.88 to $0.93 per share, reinforcing its long-standing commitment to returning value to shareholders. This is the 458th consecutive quarterly dividend, highlighting the company's stability and reliability.
The increase in the dividend is a positive signal to investors, indicating AEP's strong financial health and commitment to shareholder returns. This move is likely to attract income-focused investors and could lead to a short-term positive impact on the stock price.
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