AEP Declares Quarterly Dividend of $0.93 Amid Ongoing Electricity Investments

COLUMBUS, Ohio, April 29, 2025 /PRNewswire/ — American Electric Power (AEP) announced today that its Board of Directors has declared a quarterly cash dividend of $0.93 per share on the company’s common stock. This dividend will be paid on June 10, 2025, to shareholders on record as of May 9, 2025. This marks AEP’s 460th consecutive quarterly dividend, highlighting its commitment to shareholder returns.

AEP has maintained an unbroken streak of quarterly dividends since July 1910. The company, renowned for its extensive electric transmission systems, continues to invest significantly in enhancing its services to meet growing energy demands across its 11-state service territory. As of now, AEP operates the largest electric transmission system in the United States, featuring approximately 40,000 line miles and over 225,000 miles of distribution lines serving 5.6 million customers.

The company’s diverse generation capacity stands at about 29,000 megawatts, cementing AEP’s position as one of the largest electricity producers nationwide. “Our commitment to reliable and affordable power is paramount,” a company spokesperson stated. “We are investing $54 billion from 2025 through 2029 to enhance service for our customers and support the growing energy needs of our communities.”

Additionally, on April 29, 2025, Joseph G. Sauvage was elected to the AEP Board of Directors. Sauvage has extensive experience in the power and utilities sector, having spent over 16 years as vice chairman at Citigroup‘s Global Power, Utilities, and Renewables division. AEP’s President and CEO Bill Fehrman expressed enthusiasm about Sauvage joining the Board, saying his expertise will help navigate significant investments in energy infrastructure.

As AEP continues to focus on operational excellence, the company invites stakeholders to visit its official website for more detailed financial documents and investor information. For inquiries about the current dividend and future projections, AEP will be hosting open discussions online.