CAMDEN, N.J. – American Water (NYSE:) Works Firm, Inc. (NYSE:AWK), the biggest regulated water and wastewater utility in america, with a market capitalization of $25.75 billion, introduced right this moment that its board of administrators has declared a quarterly money dividend of $0.7650 per share. The dividend is scheduled to be paid on March 4, 2025, to shareholders of file as of February 7, 2025. Based on InvestingPro information, the corporate has maintained dividend funds for 17 consecutive years, with a powerful 8.13% dividend development over the past twelve months.
This dividend cost follows the sample set by the annualized dividend enhance accepted by the board and introduced on Could 1, 2024. The corporate additionally reminded traders of its American Water Inventory Direct plan, which permits shareholders to reinvest dividends and buy extra shares with out brokerage commissions or service costs. InvestingPro evaluation reveals the corporate has raised its dividend for 11 consecutive years, with subscribers accessing extra dividend insights and monetary well being metrics within the complete Professional Analysis Report.
American Water, with a historical past relationship again to 1886, serves greater than 14 million individuals throughout 14 states and 18 army installations. The corporate emphasizes its dedication to offering secure, clear, and inexpensive water providers, which is supported by a workforce of roughly 6,500 professionals. The corporate’s robust market place is mirrored in its strong monetary efficiency, with a 9.24% income development and a P/E ratio of 26.2, although InvestingPro Honest Worth evaluation suggests the inventory is at the moment buying and selling barely above its intrinsic worth.
The press launch clarified that this announcement doesn’t represent a proposal to promote securities and that any such provide is made solely via the Plan prospectus. events can acquire extra details about the dividend reinvestment plan by contacting Equiniti Belief Firm or by visiting American Water’s Investor Relations webpage.
This information relies on a press launch assertion from American Water and has not been independently verified. The corporate’s shares are traded on the New York Inventory Trade beneath the ticker image AWK. For extra particulars, people can contact the corporate’s investor relations and media contacts as offered within the press launch.
In different latest information, American Water Works Firm, Inc. has been the topic of a constructive outlook from UBS, which upgraded the corporate’s inventory from Impartial to Purchase. This follows a $1 billion enhance within the firm’s capital plan and insights from latest administration conferences. UBS analysts categorical confidence in American Water’s potential to take care of constant 8% development in earnings per share (EPS) and dividends per share (DPS) via 2028, even with the upcoming expiration of curiosity revenue from secured notes in 2027.
The corporate’s latest earnings report confirmed a rise in EPS to $1.80 from $1.66. American Water additionally reaffirmed its full-year 2024 EPS steering and projected substantial development for 2025, pushed by capital investments and strategic acquisitions. The acquisition of Butler Space Sewer Authority added 15,000 prospects, contributing to almost 50,000 new prospects in 2024.
Moreover, New Jersey American Water, a subsidiary of American Water, just lately acquired the Borough of Manville’s wastewater assortment system, including roughly 4,300 prospects to its service base. That is a part of the corporate’s strategic development plan. These are only a few of the latest developments for American Water, demonstrating its strong monetary well being and strategic development initiatives.
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