S&P 500
7,615.20
-0.09%
Dow Jones
51,319.00
-0.10%
Nasdaq 100
30,648.00
-0.22%
Russell 2000
2,928.28
-0.16%
FTSE 100
10,382.60
-0.05%
Nikkei 225
68,226.70
+1.07%

Infrastructure

A Large Water Dividend Gets Larger (AWK)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published

Invalid Image
Investing in water is one of the trends that investors have gone after for years and years.  After all, the future of the world and life depend entirely upon the availability of fresh water.  American Water Works Company, Inc. (NYSE: AWK) is a company that we predicted in February would raise its dividend.  That has just happened.

American Water Works just announced that its board of directors has authorized an increase in its quarterly cash dividend.  Our prediction in February was ‘we think the dividend will go to $0.22 or $0.23 per’… The dividend was raised by almost 5% to $0.22 from its prior $0.21 rate.

Based upon a current share price of $21.15, the new $0.88 per year annualized payout generates a yield of 4.15%.

American Water is the largest public US water utility.  It supplies drinking water and wastewater to roughly 16 million people in 35 states and two provinces in Canada.

The $21.15 share price compares to a 52-week trading range of $18.70 to $23.77.

JON C. OGG

Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Jon C. Ogg |

American Water Keeps Delivering: Dividend Hikes Again and Again (AWK)

American Water Works Company, Inc. (NYSE: AWK) keeps delivering and delivering.  This is one of our top ten stocks to…

Revisiting American Water Works as a Stock to Own for the Next Decade
Jon C. Ogg |

Revisiting American Water Works as a Stock to Own for the Next Decade

Wall Street analysts have been tempering their formal ratings on American Water Works because of the valuation profile. Still, the…

Jon C. Ogg |

3 Safe Defensive Stocks For A New Bear Market (MCD, AWK, TEVA)

Investors usually flock to defensive stock names during a bear market or when they are concerned that the market may…

Jon C. Ogg |

Get Ready for a Pfizer Dividend Hike… A Holiday Gift From Big Pharma (PFE, MRK, WPI, TEVA)

We recently gave a full review of the DJIA components we expect to raise their dividend payouts in the weeks…

Jon C. Ogg |

The Best Water Stock for 2011 (WTR, AWK, AWR, CWT, LAYN, TTEK, WTS, PHO, PIO)

Water is perhaps one of the most misunderstood and most under-invested themes for most investors looking for income and stability…

Douglas A. McIntyre |

More Predictions of Dividend Hikes For 2010 (MAT, AWK, XOM, WCRX, AMGN, GPS, MMM, GE, JPM, TWX)

Companies seemed to prefer share buybacks in 2007 and 2008, and maybe part of 2009.  Why not, if the stock…

Jon C. Ogg |

Why American Water Works Dividend Hikes Should Continue for Years

There is a reason that 24/7 Wall St. still believes that this water utility is the best in class of…

Jon C. Ogg |

Utilities Replacing CDs and Bonds as the Best Retirement Investments (XLU, IDU, UTG, AEP, FE, PPL, AWK)

The government bond market pays investors nothing now. The 5-Year Treasury Note, a staple for retail investors historically, pays a dismal…

8 Defensive Stocks to Avoid a Market Sell-Off for the Summer of 2017
Jon C. Ogg |

8 Defensive Stocks to Avoid a Market Sell-Off for the Summer of 2017

As the summer approaches, many investors fear that a stock market correction could come at almost any time. Here are…

Top Gaining Stocks

Hewlett Packard Enterprise
HPE • Vol: 153,197,465
Enphase Energy
ENPH • Vol: 8,360,053
Corning
GLW • Vol: 18,152,646
Alexandria Real Estate Equities
ARE • Vol: 4,337,015
Aptiv
APTV • Vol: 6,761,325

Top Losing Stocks

Trade Desk
TTD • Vol: 21,905,513
Intuit
INTU • Vol: 7,383,018
Coterra Energy
CTRA • Vol: 73,319,495
Cboe Global Markets
CBOE • Vol: 5,000,011
HP
HPQ • Vol: 29,259,826