H2O America (NASDAQ:HTO) Declares $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 Friday, July 25th, Wall Street Journal reports. Shareholders 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 c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, August 11th.

H2O America has a dividend 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 2.5%

Shares of H2O America stock traded up $1.20 during trading on Friday, reaching $49.49. 261,542 shares of the company were exchanged, compared to its average volume of 258,936. The business has a 50-day moving average price of $52.43 and a 200-day moving average price of $52.10. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 2.48 and a beta of 0.53. The company has a quick ratio of 0.66, a current ratio of 0.64 and a debt-to-equity ratio of 1.15. H2O America has a twelve month low of $44.91 and a twelve month high of $61.97.

H2O America (NASDAQ:HTO - Get Free Report) last posted its earnings results on Monday, July 28th. The utilities provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.04. The company had revenue of $198.26 million for the quarter, compared to analyst estimates of $183.26 million. H2O America had a net margin of 13.03% and a return on equity of 7.67%. Sell-side analysts anticipate that H2O America will post 2.75 EPS for the current fiscal year.

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.