Aqua America Inc to Issue Mar 18 Dividend of $0.20 (WTR)
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.
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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).
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