American Electric Power raises dividend, to boost implied yield to over 3.7%
Marketwatch -

Shares of American Electric Power Co. Inc. rose 0.6% in morning trading Tuesday, after the Ohio-based electricity transmission company said it raised its cash dividend by 5.4%. The new quarterly dividend of 78 cents a share, up from 74 cents, will be payable Dec. 10 to shareholders of record on Nov. 10. At current stock price, the new annual dividend rate implies a dividend yield of 3.74%, which compares with the SPDR Utilities Select Sector ETF's yield of 3.01% and the implied yield for the...

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