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Share Name | Share Symbol | Market | Type |
---|---|---|---|
American Electric Power Company Inc | NASDAQ:AEP | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 89.28 | 88.15 | 89.70 | 200 | 13:21:10 |
By Colin Kellaher
American Electric Power Co. on Tuesday said its board raised the quarterly dividend by 5.4%, to 78 cents from 74 cents.
The new payout, equal to $3.12 a year, represents an annual yield of about 3.76% based on Monday's closing price of $82.99, up from about 3.57%.
The Columbus, Ohio, utility holding company said the increased dividend is payable Dec. 10 to shareholders of record Nov. 10.
AEP said the increase is in line with its 5% to 7% operating earnings growth range.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 19, 2021 11:28 ET (15:28 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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