CAMDEN, NJ – American Water (NYSE:) Works Company, Inc. (NYSE: AWK), the largest regulated water and wastewater utility in the United States, with a market capitalization of $25.75 billion dollars, announced today that its board of directors has declared a quarterly cash dividend of $0.7650 per share. The dividend is expected to be paid on March 4, 2025 to shareholders of record as of February 7, 2025. According to InvestPro According to the data, the company has maintained dividend payments for 17 consecutive years, with an impressive 8.13% dividend growth over the last twelve months.
This dividend payment follows the pattern set by the annualized dividend increase approved by the board of directors and announced on May 1, 2024. The company also reminded investors of its American Water Stock Direct plan, which allows shareholders to reinvest the dividends and purchase additional shares without brokerage commissions. or service charges. InvestPro The analysis reveals that the company has increased its dividend for 11 consecutive years, with subscribers having access to additional dividend information and financial health metrics in the full Pro Research report.
American Water, with a history dating back to 1886, serves more than 14 million people in 14 states and 18 military installations. The company highlights its commitment to providing safe, clean and affordable water services, supported by a workforce of approximately 6,500 professionals. The company's strong market position is reflected in its strong financial performance, with revenue growth of 9.24% and a P/E ratio of 26.2, although InvestPro Fair value analysis suggests that the stock is currently trading slightly above its intrinsic value.
The press release specifies that this announcement does not constitute an offer to sell securities and that such an offer is made only through the Plan's prospectus. Interested parties can obtain more information about the Dividend Reinvestment Plan by contacting Equiiniti Trust Company or visiting American Water's Investor Relations webpage.
This news is based on a press release from American Water and has not been independently verified. The company's shares are traded on the New York Stock Exchange under the symbol AWK. For further details, individuals may contact the Company's Investor Relations and Media Contacts as noted in the press release.
Elsewhere, American Water Works Company, Inc. received a positive outlook from UBS, which upgraded the company's shares from Neutral to Buy. This follows a $1 billion increase in the company's capital plan and findings from recent management meetings. UBS analysts express confidence in American Water's ability to maintain consistent 8% growth in earnings per share (EPS) and dividends per share (DPS) through 2028, even with the upcoming expiration of interest income from guaranteed notes in 2027.
The company's recent earnings report showed an increase in EPS from $1.66 to $1.80. American Water also reaffirmed its full-year 2024 EPS guidance and expects substantial growth for 2025, driven by capital investments and strategic acquisitions. The acquisition of Butler Area Sewer Authority added 15,000 customers, contributing to nearly 50,000 new customers in 2024.
Additionally, New Jersey American Water, a subsidiary of American Water, recently acquired the Manville Borough wastewater collection system, adding approximately 4,300 customers to its service base. This is part of the company's strategic growth plan. These are just a few of the recent developments for American Water, demonstrating its strong financial health and strategic growth initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information, consult our General Terms and Conditions.
#American #Water #Maintains #Quarterly #Dividend #Investing.com
,