American Electric Power Delights Shareholders with Latest Dividend Announcement

Good news for those holding American Electric Power (AEP) common stock! The utility giant has officially declared its latest quarterly cash dividend, signaling a steady hand and a continued commitment to its shareholders.

It's always a reassuring sign when a company like AEP, a staple in the energy sector, confirms these regular payouts. This time around, the board of directors has approved a cash dividend of $0.88 per share on the company's common stock, which is certainly a welcome boost for investors' portfolios.

Now, for the important dates to mark down. If you're looking to be an eligible recipient for this particular payout, you'll need to be a shareholder of record by the close of business on Friday, February 10, 2017. That's the crucial 'record date' for this dividend cycle, so make sure your shares are settled by then!

As for when the cash actually hits your account, the company has set the payment date for Friday, March 10, 2017. So, a little something extra to look forward to in early spring, courtesy of AEP.

And just as a heads-up for those keen on staying abreast of all company developments, AEP's annual meeting of shareholders is scheduled for Wednesday, April 26, 2017. While not directly related to the dividend payment itself, it's another key date for investors to keep in mind regarding the company's governance and future direction.

This consistent dividend declaration really underscores AEP's stable financial footing and its dedication to providing reliable returns, which is exactly what long-term investors often appreciate most in today's dynamic market.