American Electric Power (AEP) announced that the board of directors has approved a 5.7% increase in the quarterly dividend rate. The revised quarterly dividend will be 93 cents, payable on Dec. 10, 2024, to shareholders of record at the close of the business on Nov. 8, 2024.This is the 458th consecutive quarter that the company has paid out a cash dividend on its common shares. The company's history of paying out quarterly dividends for almost 115 years in a row shows its dedication to giving shareholders s ...