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

by · The Markets Daily

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 yield of 2.4%. The ex-dividend date of this dividend is Thursday, November 12th.

American Water Works has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 18 consecutive years. American Water Works has a dividend payout ratio of 58.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect American Water Works to earn $6.61 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 Trading Down 0.7%

NYSE:AWK opened at $149.19 on Tuesday. The company has a current ratio of 0.39, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $29.70 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 3.05 and a beta of 0.56. The firm has a fifty day simple moving average of $136.96 and a two-hundred day simple moving average of $132.96. American Water Works has a 12 month low of $120.57 and a 12 month high of $153.69.

American Water Works (NYSE:AWK – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The utilities provider reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.04). American Water Works had a net margin of 21.26% and a return on equity of 10.14%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the firm posted $1.94 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Analysts expect that American Water Works will post 6.09 EPS for the current fiscal year.

American Water Works Company Profile

(Get Free Report)

American Water Works Company, Inc is a U.S. water and wastewater utility that provides services to residential, commercial, industrial, and public-sector customers. Its operations include treating and distributing drinking water, collecting and treating wastewater, and maintaining the infrastructure needed to deliver those services.

The company operates regulated water and wastewater utilities across multiple states, serving communities in regions including the Northeast, Midwest, and South.

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