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

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American Electric Power Company, Inc. : American Electric Power Declares Quarterly Dividend On Common Stock

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01/23/2013 | 06:12pm CET

COLUMBUS, Ohio, Jan. 23, 2013 - The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 47 cents a share on the company's common stock.

The dividend is payable March 8, 2013, to shareholders of record as of Feb. 8, 2013, and is the company's 411th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910.

American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states. AEP ranks among the nation's largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation's largest electricity transmission system, a nearly 39,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP's transmission system directly or indirectly serves about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the electricity demand in ERCOT, the transmission system that covers much of Texas. 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.

MEDIA CONTACT:
Tammy Ridout
Corporate Media Relations
614/716-2347

ANALYSTS CONTACT:
Julie Sherwood
Director, Investor Relations
614/716-2663

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Financials ($)
Sales 2016 16 616 M
EBIT 2016 3 527 M
Net income 2016 1 682 M
Debt 2016 17 839 M
Yield 2016 3,61%
P/E ratio 2016 18,86
P/E ratio 2017 17,20
EV / Sales 2016 2,94x
EV / Sales 2017 3,08x
Capitalization 30 934 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 67,3 $
Spread / Average Target 6,9%
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NameTitle
Nicholas K. Akins Chairman, President & Chief Executive Officer
Brian X. Tierney Chief Financial Officer & Executive Vice President
Alberto G. Ruocco Chief Information Officer & Vice President
Lionel L. Nowell Independent Director
Linda A. Goodspeed Independent Director
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