American Water Declares Quarterly Dividend

Rhea-AI Summary

American Water Works (NYSE: AWK) has declared a quarterly cash dividend of $0.6550 per share, payable on September 1, 2022. This dividend remains consistent with the previous quarter, reflecting the company's commitment to shareholder returns. Notably, this announcement marks the 14th consecutive year of increased annual dividends. Shareholders can reinvest dividends through the American Water Stock Direct plan with no brokerage fees.

Positive

• Declared a quarterly cash dividend of $0.6550, unchanged from the second quarter.
• Maintained a record of increasing annual dividends for 14 consecutive years.
• Provides a dividend reinvestment plan allowing shareholders to acquire more shares without brokerage fees.

Negative

• None.

Cash dividend payable in the third quarter of 2022

CAMDEN, N.J.--(BUSINESS WIRE)-- American Water Works Company, Inc. (NYSE: AWK) announced today that its board of directors declared a quarterly cash dividend payment of $0.6550, per share of common stock. The dividend amount is unchanged from the second quarter dividend. The dividend will be payable on September 1, 2022, to all shareholders of record as of August 9, 2022.

This year’s increase extended American Water’s record of increasing annual dividends paid to 14 consecutive years.

American Water offers a dividend reinvestment and direct stock purchase plan called American Water Stock Direct, which enables shareholders to reinvest cash dividends and purchase additional shares of American Water common stock without any brokerage commissions or service charges. Shareholders 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, visiting AST’s website at www.astfinancial.com, contacting American Water’s Investor Relations department at 856-566-4005 or by visiting the Investor Relations webpage located at ir.amwater.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.

About American Water

With a history dating back to 1886, American Water (NYSE: AWK) is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs approximately 6,400 dedicated professionals who provide regulated and regulated-like drinking water and wastewater services to an estimated 14 million people in 24 states. American Water provides safe, clean, affordable, and reliable water services to our customers to help keep their lives flowing. For more information, visit amwater.com and diversityataw.com. Follow American Water on Twitter, Facebook and LinkedIn.

AWK-IR

View source version on businesswire.com: https://www.businesswire.com/news/home/20220727005719/en/

Investor Contact:

Aaron Musgrave

Senior Director, Investor Relations

(856) 955-4029

aaron.musgrave@amwater.com

Media Contact:

Maureen Duffy

Senior Vice President, Communications and External Affairs

(856) 955-4163

maureen.duffy@amwater.com

Source: American Water Works Company, Inc.

FAQ

When is the next dividend payment for AWK?

The next dividend payment for AWK is scheduled for September 1, 2022.

What is the amount of the AWK dividend?

The dividend amount is $0.6550 per share.

How often does American Water pay dividends?

American Water pays dividends quarterly.

How can I reinvest my AWK dividends?

Shareholders can reinvest dividends through the American Water Stock Direct plan.

What is the record of dividend increases for AWK?

American Water has increased its annual dividends for 14 consecutive years.