American Water Increases Quarterly Dividend by 10 Percent

The company has increased its dividend every year since IPO in 2008

VOORHEES, N.J.--(BUSINESS WIRE)-- American Water Works Company, Inc. (NYSE: AWK) announced today that its Board of Directors increased its quarterly cash dividend payment from $0.31 to $0.34 per share, an approximate 10 percent increase. The company has increased its dividend every year since its IPO in April 2008, and this increase represents the third consecutive year of double-digit dividend increases.

The increased payment is consistent with American Water’s 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 continues our commitment to pay dividends that are aligned with our financial performance, and to strike the right balance between increased dividend payouts to shareholders and continued proactive investment in our systems on behalf of our customers,” said Susan Story, president and CEO of American Water.

The increased dividend will be payable on June 1, 2015 to all shareholders of record as of May 11, 2015.

American Water offers a dividend reinvestment and direct stock purchase plan called American Water Stock Direct, which enables stockholders to reinvest cash dividends and purchase additional American Water common shares without any brokerage commissions or service charges. Stockholders and other persons may obtain a copy of the Plan prospectus and an enrollment form by contacting American Stock Transfer & Trust Company (“AST”) at 888-556-0423, visiting AST’s website at www.amstock.com, contacting American Water’s Investor Relations at 877-310-7174 or by visiting the Investor Relations webpage located at http://ir.amwater.com.

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.

Founded in 1886, American Water is the largest publicly traded U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs approximately 6,400 dedicated professionals who provide drinking water, wastewater and other related services to an estimated 15 million people in more than 45 states and parts of Canada. More information can be found at www.amwater.com.

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American Water Works Company, Inc.
Edward Vallejo
Vice President, Investor Relations
856-566-4005
[email protected]
or
Maureen Duffy
Vice President, Communications
856-309-4546
[email protected]

Source: American Water Works Company, Inc.

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