American Water Works Company, Inc. (NYSE:AWK) announced today that its Board of Directors declared a quarterly cash dividend payment of $0.22 per share. The regular quarterly cash dividend is payable on March 1, 2011 to all shareholders of record as of February 18, 2011.
"We are pleased to declare our first dividend of 2011," said Jeff Sterba, president and CEO of American Water. "American Water has a long history of paying consecutive dividends and we are glad to continue this tradition as we enter the New Year."
American Water offers a dividend reinvestment and direct stock purchase plan called American Water Stock Direct, which enables stockholders to reinvest cash dividends and purchase additional American Water common shares without any brokerage commissions or service charges. Stockholders and other persons may obtain a copy of the Plan prospectus and an enrollment form by contacting American Stock Transfer & Trust Company ("AST") at (888) 556-0423 or visiting AST's website at www.amstock.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. The offer is being made solely through the Plan prospectus.
Founded in 1886, American Water is the largest investor-owned U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs more than 7,000 dedicated professionals who provide drinking water, wastewater and other related services to approximately 15 million people in more than 30 states and parts of Canada.
Disclosure I am Long AWK shares.
Now I cannot begin to tell you how much I love water utilities. Water resource stocks are an excellent place to be.
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