COLUMBUS, Ohio, Jan. 25, 2012 - 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 9, 2012, to shareholders of record as of Feb. 10, 2012, and is the company's 407th 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 39,000 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.
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