H2O America (NASDAQ:HTO) Declares $0.44 Quarterly Dividend

H2O America (NASDAQ:HTO) declared a quarterly dividend on Monday, July 27th. Investors of record on Monday, August 10th will be paid a dividend of 0.44 per share by the utilities provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, August 10th.

H2O America has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 57 years. H2O America has a dividend payout ratio of 56.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect H2O America to earn $2.75 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 64.0%.

H2O America Price Performance

NASDAQ HTO opened at $63.50 on Tuesday. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.02. H2O America has a 1 year low of $43.75 and a 1 year high of $66.05. The company has a market cap of $2.66 billion, a PE ratio of 21.75, a PEG ratio of 7.64 and a beta of 0.35. The stock’s 50-day moving average price is $59.64 and its two-hundred day moving average price is $57.24.

H2O America (NASDAQ:HTO) last announced its earnings results on Monday, July 27th. The utilities provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. The company had revenue of $210.47 million during the quarter. H2O America had a net margin of 12.87% and a return on equity of 6.76%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, analysts predict that H2O America will post 2.7 EPS for the current 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.