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American Water Increases Quarterly Dividend by 10 Percent

VOORHEES, N.J., Apr 22, 2016 (BUSINESS WIRE) -- American Water Works Company, Inc. AWK, +1.44% announced today that its Board of Directors increased its quarterly cash dividend payment from 34 cents to 37.5 cents per share, an approximate 10 percent increase. The company has increased its dividend every year since its IPO in April 2008, and this increase represents the fourth consecutive year of double-digit dividend increases.

The increased payment is consistent with American Water’s dividend practice, which is to link dividend increases to earnings per share growth and target a payout ratio between 50 to 60 percent of net income.

“This increase continues our commitment to provide strong dividend growth aligned with our financial performance, while also providing needed investment in our...


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