American Water Works Company announced that its board declared a quarterly cash dividend payment of 70.75c per share of common stock, an increase of 8%. 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 1, to all shareholders of record as of May 9.
Published first on TheFly
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