H2O America (NASDAQ:HTO) Announces $0.42 Quarterly Dividend

Key Points

• H2O America announced a quarterly dividend of $0.42 per share, to be paid on September 2nd to stockholders of record as of August 11th, representing an annualized dividend of $1.68 with a yield of 3.46%.
• The company reported $0.75 EPS for the last quarter, surpassing analyst estimates of $0.71, and had revenues of $198.26 million, exceeding expectations of $183.26 million.
• H2O America's dividend is supported by a payout ratio of 53.5%, with analysts projecting an earnings per share of $2.95 for the next year, indicating continued capacity to maintain dividends with a future payout ratio of 56.9%.

H2O America (NASDAQ:HTO - Get Free Report) announced a quarterly dividend on Tuesday, July 29th, Wall Street Journal reports. Stockholders of record on Monday, August 11th will be paid a dividend of 0.42 per share by the utilities provider on Tuesday, September 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Monday, August 11th.

H2O America has a payout ratio of 53.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect H2O America to earn $2.95 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 56.9%.

H2O America Trading Up 1.5%

Shares of HTO stock traded up $0.72 on Tuesday, reaching $48.50. The company had a trading volume of 564,569 shares, compared to its average volume of 267,720. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.21. The stock has a market cap of $1.66 billion, a PE ratio of 16.28, a PEG ratio of 2.50 and a beta of 0.53. The company has a 50-day moving average of $52.83 and a 200-day moving average of $52.24. H2O America has a 12 month low of $44.91 and a 12 month high of $61.97.

H2O America (NASDAQ:HTO - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The utilities provider reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.04. The company had revenue of $198.26 million during the quarter, compared to analysts' expectations of $183.26 million. H2O America had a return on equity of 7.58% and a net margin of 12.89%. On average, equities analysts forecast that H2O America will post 2.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HTO. Wall Street Zen started coverage on H2O America in a research note on Thursday, May 22nd. They issued a "hold" rating for the company. Wells Fargo & Company increased their target price on H2O America from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 29th.

About H2O America

SJW Group, through its subsidiaries, provides water utility and other related services in the United States. It operates in Water Utility Services and Real Estate Services segments. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.