American Water Works Company, Inc. (AWK) to Issue Quarterly Dividend of $0.90 on December 1st

American Water Works Company, Inc. (NYSE:AWK – Get Free Report) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.8950 per share by the utilities provider on Tuesday, December 1st. This represents a $3.58 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, November 12th.

American Water Works has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 18 consecutive years. American Water Works has a 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

Shares of NYSE:AWK opened at $139.81 on Thursday. The company’s fifty day moving average is $135.35 and its two-hundred day moving average is $132.30. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. American Water Works has a 12-month low of $120.57 and a 12-month high of $144.14. The company has a market cap of $27.78 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 2.91 and a beta of 0.58.

American Water Works (NYSE:AWK – Get Free Report) last issued its earnings results on Wednesday, October 28th. The utilities provider reported $2.00 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.04). The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.58 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the business earned $1.94 EPS. Equities analysts expect that American Water Works will post 6.08 earnings per share for the current fiscal year.

American Water Works Company Profile

(Get Free Report)

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.

Recommended Stories

Dividend History for American Water Works (NYSE:AWK)

Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.