American Water Works Company, Inc. (NYSE:AWK) Stock to Pay Quarterly Dividend of $0.90

American Water Works Company, Inc. (NYSE:AWK) announced a quarterly dividend on Tuesday, October 27th. Stockholders 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 dividend yield of 2.5%. 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% annually 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. 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

American Water Works stock opened at $141.14 on Wednesday. American Water Works has a 12-month low of $120.57 and a 12-month high of $144.14. The firm has a 50 day moving average of $135.29 and a 200 day moving average of $132.25.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. The business’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.48 earnings per share. Sell-side analysts predict that American Water Works will post 6.08 earnings per share for the current year.

Institutional Trading of American Water Works

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in American Water Works during the second quarter worth approximately $2,712,173,000. Wellington Management Group LLP grew its position in shares of American Water Works by 35.2% during the second quarter. Wellington Management Group LLP now owns 14,911,963 shares of the utilities provider’s stock worth $1,962,116,000 after acquiring an additional 3,883,057 shares during the last quarter. GQG Partners LLC acquired a new position in shares of American Water Works in the 2nd quarter valued at $1,171,477,000. Amundi increased its stake in American Water Works by 4.3% in the first quarter. Amundi now owns 4,351,056 shares of the utilities provider’s stock valued at $592,081,000 after purchasing an additional 179,127 shares during the period. Finally, Legal & General Group Plc acquired a new position in American Water Works in the second quarter valued at $443,787,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Company Profile

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.