Aqua America Inc (NYSE:WTR) declared a mar 18 dividend on Monday, February 5th, RTT News reports. Investors of record on Friday, February 16th will be paid a dividend of 0.2047 per share by the utilities provider on Thursday, March 1st. This represents a yield of 0.00579722458227131%. The ex-dividend date is Thursday, February 15th.

Aqua America has increased its dividend by an average of 7.7% per year over the last three years and has increased its dividend every year for the last 10 years. Aqua America has a payout ratio of 60.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Aqua America to earn $1.44 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 56.9%.

Aqua America (NYSE:WTR) opened at $33.70 on Friday. The stock has a market cap of $5,886.89, a P/E ratio of 24.91, a P/E/G ratio of 4.18 and a beta of 0.45. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.55 and a quick ratio of 0.48. Aqua America has a one year low of $29.56 and a one year high of $39.55.

WTR has been the topic of a number of recent analyst reports. Wells Fargo & Co raised shares of Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Thursday, October 19th. Hilliard Lyons raised shares of Aqua America from an “underperform” rating to a “neutral” rating in a research note on Thursday, December 21st. Argus lifted their price objective on shares of Aqua America from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, December 13th. Zacks Investment Research raised shares of Aqua America from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Monday, January 15th. Finally, Robert W. Baird reissued a “hold” rating and issued a $32.00 price objective on shares of Aqua America in a research note on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $39.17.

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About Aqua America

Aqua America, Inc is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources, Inc (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure).

Dividend History for Aqua America (NYSE:WTR)

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