American Water Works Company, Inc. (NYSE:AWK – Get Free Report) declared a quarterly dividend on Tuesday, October 27th. Investors of record on Thursday, November 12th will be paid a dividend of $0.8950 per share by the utilities provider on Tuesday, December 1st. This represents a $3.58 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, November 12th.
American Water Works has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 18 years. American Water Works has a dividend payout ratio of 58.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect American Water Works to earn $6.60 per share next year, which means the company should continue to be able to cover its $3.58 annual dividend with an expected future payout ratio of 54.2%.
American Water Works Price Performance
NYSE AWK opened at $141.14 on Wednesday. American Water Works has a fifty-two week low of $120.57 and a fifty-two week high of $144.14. The business has a fifty day moving average of $135.29 and a 200-day moving average of $132.25.
American Water Works (NYSE:AWK – Get Free Report) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the firm posted $1.48 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. Sell-side analysts forecast that American Water Works will post 6.08 EPS for the current year.
American Water Works Company Profile
American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial and institutional customers. Through its regulated businesses, the company supplies drinking water, collects and treats wastewater, and manages related infrastructure, including treatment plants, pipelines, storage facilities and customer service systems.
Founded in 1886, American Water has grown into one of the largest water and wastewater service providers in the United States.
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