American Water Works Company, Inc. Plans Quarterly Dividend of $0.83 (NYSE:AWK)

Key Points

• American Water Works Company, Inc. declared a quarterly dividend of $0.83 per share, with a yield of 2.35%, payable to shareholders on September 3rd.
• The company reported a quarterly revenue of $1.14 billion, exceeding analyst expectations, although earnings per share slightly missed their consensus estimate.
• Several analysts have given mixed ratings for the stock, with a consensus rating of "Hold" and target prices ranging from $128.00 to $156.00.

American Water Works Company, Inc. (NYSE:AWK - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, RTT News reports. Shareholders of record on Tuesday, August 12th will be paid a dividend of 0.8275 per share by the utilities provider on Wednesday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, August 12th.

American Water Works has a dividend payout ratio of 53.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect American Water Works to earn $6.13 per share next year, which means the company should continue to be able to cover its $3.31 annual dividend with an expected future payout ratio of 54.0%.

American Water Works Trading Up 2.8%

Shares of American Water Works stock traded up $3.97 on Friday, reaching $144.21. The company had a trading volume of 317,372 shares, compared to its average volume of 1,385,709. The firm has a market cap of $28.12 billion, a price-to-earnings ratio of 26.01, a P/E/G ratio of 3.30 and a beta of 0.69. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.49 and a quick ratio of 0.44. The firm's 50-day moving average price is $141.20 and its two-hundred day moving average price is $138.96. American Water Works has a 1 year low of $118.74 and a 1 year high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by ($0.05). American Water Works had a return on equity of 10.40% and a net margin of 21.91%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the business earned $1.42 earnings per share. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. As a group, research analysts predict that American Water Works will post 5.71 earnings per share for the current fiscal year.

American Water Works Company Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.