Dividend Contest
The 10 contest winners were announced on May 13, and they will each receive 10 shares of AEP stock:
- Annette Pinkerton, Audit Consultant from Dallas, Texas, representing AEP Service Corp.
- Susan Shuck, Administrative Supervisor from the Conesville Plant, representing AEP Ohio.
- Chip Ford, Distribution and Land Coordinator from San Angelo, Texas, representing AEP Texas.
- Jeannie Wray, Administrator at the St. Albans Simulator Learning Center in West Virginia, representing APCo.
- Andy Kivela, Senior Radiation Protection Technician at Cook Plant in Michigan, representing I&M.
- Nelson Scott, Right of Way Agent from Pikeville, Kentucky, representing Kentucky Power.
- Cayti Burch, Engineering Technologist from the Tulsa Power Station, representing PSO.
- Bruce Ellis, United Sciences Testing Coordinator from Warrendale, Pennsylvania, representing the “other areas” category.
- Jack Maberry, Customers Solutions Associate from Shreveport, Louisiana, representing SWEPCO.
- Gil McKee from Fort Wayne, Indiana, representing AEP retirees.
As selected in a random drawing, the grand prize winner is Andy Kivela. He will accompany AEP's executives on a trip to New York City on June 3 to ring the closing bell of the New York Stock Exchange.
Thanks to all who participated in the contest.
To review, here are the questions with the correct answers:
1. Today the Company pays dividends on approximately 478 million outstanding shares. How many shares were outstanding when the Company paid its first dividend in June 1910?
A) 50,000 shares
B) 10,000 shares
C) 500,000 shares
D) 1,000,000 shares
Answer: A -- 50,000 shares
2. In addition to cash dividends it was common practice for AEP to pay stock dividends, but this practice was stopped in 1967 when AEP’s construction program took off, and inflation and the oil embargo were the crisis of the day. While most of the stock dividends were about 2%, seven of them were in the range of 20% -52%. How many stock dividends were paid through 1967?
A) 32
B) 41
C) 22
D) 53
Answer: D -- 53
3. AEP declared Stock Splits between 1923 and 1962. How many stock splits were declared during this time
A) 2
B) 4
C) 6
D) 10
Answer: B -- 4
4. What were the total dividends paid by AEP from June 1910 through June 2010?
A) $18.5 Billion
B) $5 Billion
C) $25.6 Billion
D) $10 Million
Answer: A -- $18.5 Billion
5. If you invested in that first share of AEP issued in 1906, at the $50 price, and reinvested all the dividends, how many shares would you have today? (and, what is it worth at today’s stock price (assume $34)?
A) $1.2 million (approximately 34,000 shares)
B) $680,000 (approximately 20,000 shares)
C) $3 million (approximately 88,000 shares)
D) $525,000 (approximately 15,000 shares)
Answer: A -- $1.2 million (approximately 34,000 shares)
6. Today the company has approximately 350,000 shareholders. About how many shareholders did we have in 1910?
A) 15
B) 35
C) 75
D) 125
Answer: B -- 35
7. Approximately many other publicly traded companies in corporate America have paid consecutive dividends for 100 years or more?
A) 78
B) 92
C) 49
D) 23
Answer: D -- 23
