American Water Works (AWK) Raises Quarterly Dividend 9.9% to $0.50; 2% Yield
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American Water Increases Quarterly Dividend by 9.9%
April 17, 2019 11:52 AM EDTThe company has increased its dividend every year since IPO in 2008
CAMDEN, 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 45.5 cents to 50.0 cents per share, a 9.9% percent increase. The company has increased its dividend every year since its IPO in April 2008.
The increased dividend is consistent with American Waters historical dividend practice, which is to link dividend increases to earnings per share growth and target a payout ratio between 50 to... More
