American Electric boosts quarterly dividend to 88c from 83c per share

American Electric Power declared a regular quarterly cash dividend of 88c per share on the company’s common stock, an increase of 5c per share. The increase is in line with the company’s 6% to 7% operating earnings growth range, it said in a statement. The dividend is payable December 8, to shareholders of record as of November 10, 2023. “We’re proud to continue AEP‘s more than 110-year tradition of consistently delivering quarterly dividends to our shareholders,” said Julie Sloat, AEP CEO. “AEP is de-risking and simplifying our business to generate the most value for customers and investors, and we remain focused on investing in our regulated operations to build the energy system of the future that supports the changing needs of our customers.”