American Water announces 8.2% quarterly dividend increase to 82.75c per share

American Water (AWK) Works announced that its board of directors today declared a quarterly cash dividend payment of 82.75c per share of common stock, an increase of 8.2%. “American Water continues to set the benchmark for dividend growth within the industry. The increase is in line with our 7%-9% EPS and dividend growth guidance and is a testament to our execution of effective strategic initiatives,” said John Griffith, President of American Water. “We understand the importance of our dividend and its pivotal role in delivering outstanding value to our shareholders.” The company expects to continue its dividend growth within a 7%-9% range over the long term, with a target dividend payout ratio of between 55%-60% of earnings. The increased quarterly dividend will be payable on June 3, 2025, to all shareholders of record as of May 13, 2025.