H2O America (NASDAQ:HTO) Stock to Pay Quarterly Dividend of $0.44

Key Points

• H2O America declared a quarterly dividend of $0.44 per share, payable December 1 to shareholders of record on November 9. The dividend represents an annualized payout of $1.76 and a 3.0% yield.
• The company has raised its dividend for 57 consecutive years, with a current earnings payout ratio of 56.1%; analysts expect the dividend to remain covered by projected earnings.
• H2O America’s latest quarterly earnings of $1.04 per share fell short of the $1.06 analyst consensus, while shares opened at $58.48 and were reported down 0.7%.

H2O America (NASDAQ:HTO - Get Free Report) declared a quarterly dividend on Monday, October 26th. Shareholders of record on Monday, November 9th will be given a dividend of $0.44 per share by the utilities provider on Tuesday, December 1st. This represents a $1.76 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, November 9th.

H2O America has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 57 consecutive years. H2O America has a payout ratio of 56.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect H2O America to earn $2.85 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 61.8%.

H2O America Trading Down 0.7%

Shares of NASDAQ:HTO opened at $58.48 on Tuesday. H2O America has a 52 week low of $43.75 and a 52 week high of $67.09. The company's 50 day moving average is $61.34 and its two-hundred day moving average is $58.62. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.02. The company has a market cap of $2.45 billion, a PE ratio of 20.66, a P/E/G ratio of 6.80 and a beta of 0.33.

H2O America (NASDAQ:HTO - Get Free Report) last announced its quarterly earnings data on Monday, October 26th. The utilities provider reported $1.04 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.02). The firm had revenue of $250.23 million during the quarter. H2O America had a net margin of 12.91% and a return on equity of 6.65%. Equities analysts predict that H2O America will post 2.80 earnings per share for the current fiscal year.

About H2O America

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