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4-Traders Homepage  >  Equities  >  Nyse  >  American Electric Power Company Inc    AEP

Delayed Quote. Delayed  - 10/25 10:01:43 pm
63.46 USD   +0.68%
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American Electric Power : AEP Increases Quarterly Dividend To 59 Cents A Share

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10/25/2016 | 04:45pm CEST

COLUMBUS, Ohio, Oct. 25, 2016 - The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 59 cents a share on the company's common stock, increasing the dividend 5.4 percent from the previous 56 cents a share. AEP last increased its dividend in October 2015.

The dividend is payable Dec. 9, 2016, to shareholders of record as of Nov. 10, 2016. AEP has paid a cash dividend on its common stock every quarter since July 1910.

'This dividend increase reflects our confidence in growing shareholder value through our regulated business strategy,' said Nicholas K. Akins, AEP chairman, president and chief executive officer. 'Our dividend has grown 20 percent over the past five years, thanks to the hard work of our employees and their focus on continuous improvement. We are pleased to continue AEP's tradition of delivering strong financial results and rewarding our investors with a dividend for the 426th consecutive quarter.'

American Electric Power is one of the largest electric utilities in the United States, delivering electricity and custom energy solutions to nearly 5.4 million customers in 11 states. AEP owns the nation's largest electricity transmission system, a more than 40,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP also operates 224,000 miles of distribution lines. AEP ranks among the nation's largest generators of electricity, owning approximately 31,000 megawatts of generating capacity in the U.S. AEP also supplies 3,200 megawatts of renewable energy to customers. AEP's utility units operate as 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 and east Texas). AEP's headquarters are in Columbus, Ohio.

Tammy Ridout Manager, Media Relations 614/716-2347

Bette Jo Rozsa
Managing Director, Investor Relations

AEP - American Electric Power Company Inc. published this content on 25 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 October 2016 14:45:03 UTC.

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Financials ($)
Sales 2016 16 458 M
EBIT 2016 3 441 M
Net income 2016 1 823 M
Debt 2016 18 699 M
Yield 2016 3,58%
P/E ratio 2016 17,16
P/E ratio 2017 16,80
EV / Sales 2016 3,02x
EV / Sales 2017 3,04x
Capitalization 30 992 M
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American Electric Power Co Technical Analysis Chart | AEP | US0255371017 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 69,6 $
Spread / Average Target 10%
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Nicholas K. Akins Chairman, President & Chief Executive Officer
Robert P. Powers Chief Operating Officer & Executive Vice President
Brian X. Tierney Chief Financial Officer & Executive Vice President
Alberto G. Ruocco Chief Information Officer & Vice President
Lionel L. Nowell Independent Director
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