American Electric Power Co (AEP) will raise its quarterly dividend by 5.1 percent to $0.62 per share in the fourth quarter of 2017.

The dividend is payable Dec. 8, 2017, to shareholders of record as of Nov. 10, 2017, and is the company's 430th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910.

"Our long-term strategy to focus investments in our regulated businesses continues to drive shareholder value as we improve service to our customers," said Nicholas K. Akins, AEP chairman, president and chief executive officer. "We're pleased that the ongoing success of our business strategy is reflected in increased returns to our shareholders."

American Electric Power Company, Inc. (AEP) is an electric utility company. AEP's family of companies includes utilities 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 also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners, and AEP Renewables, which provide innovative competitive energy solutions nationwide. AEP has paid a cash dividend on its common stock every quarter since July 1910.