American Water Increases Quarterly Dividend by 9.9%Source: Business Wire
The company has increased its dividend every year since IPO in 2008
The increased dividend is consistent with American Water’s historical dividend practice, which is to link dividend increases to earnings per share growth and target a payout ratio between 50 to 60 percent of net income.
“American Water is a company that prepares for the future and is
committed to being purpose driven, people powered, customer obsessed and
the trusted source of everything water,” said
The increased dividend will be payable on
American Water offers a dividend reinvestment and direct stock purchase
plan called American Water Stock Direct, which enables shareholders to
reinvest cash dividends and purchase additional shares of American Water
common stock without any brokerage commissions or service charges.
Shareholders and other persons may obtain a copy of the Plan prospectus
and an enrollment form by contacting
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. The offer is being made solely through the Plan prospectus.
About American Water
With a history dating back to 1886, American Water is the largest and
most geographically diverse U.S. publicly traded water and wastewater
utility company. The company employs more than 7,100 dedicated
professionals who provide regulated and market-based drinking water,
wastewater and other related services to more than 14 million people in
46 states and
Vice President, Investor Relations
Vice President, Communications and Federal Affairs