American Water Declares Quarterly Dividend

Rhea-AI Summary

American Water Works Company (NYSE: AWK) announced a quarterly cash dividend of $0.6550 per share, payable on December 1, 2022, to shareholders of record by November 8, 2022. This marks a continuation of the annualized dividend increase approved by the Board in April 2022. The company also offers a dividend reinvestment plan enabling shareholders to reinvest dividends and purchase shares without brokerage fees.

Positive

• Quarterly cash dividend of $0.6550 per share enhances shareholder income.
• Continued dividend increase reflects confidence in financial stability.

Negative

• None.

Cash dividend payable in the fourth 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, payable on December 1, 2022, to all shareholders of record as of November 8, 2022.

This quarterly dividend is a continuation of the increase in the annualized dividend approved by the Board and announced in April 2022.

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/20221027005709/en/

Investor Contact:

Aaron Musgrave

Vice President, 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

What is the dividend payment date for AWK?

The dividend payment date for American Water Works Company (AWK) is December 1, 2022.

How much is the quarterly dividend for AWK?

The quarterly dividend for American Water Works Company (AWK) is $0.6550 per share.

What is the record date for AWK's dividend?

The record date for the dividend payment for American Water Works Company (AWK) is November 8, 2022.

Does AWK offer a dividend reinvestment plan?

Yes, American Water Works Company (AWK) offers a dividend reinvestment and direct stock purchase plan.