American Electric Power Hikes Dividend

COLUMBUS, Ohio, Oct. 24 /PRNewswire-FirstCall/ — The Board of Directors of American Electric Power Co. (NYSE: AEP) today approved an increase in the regular quarterly cash dividend on a share of the company’s common stock to 39 cents a share from the previous 37 cents a share.

The dividend is payable Dec. 8, 2006, to shareholders of record as of Nov. 10, 2006, and is the company’s 386th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910.

The change represents an increase of approximately 5 percent in the annual dividend, to $1.56 from $1.48.

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