American Water Works Company, Inc - AWK STOCK NEWS

Illinois American Water honored four supervisors with the ESGR's Patriot Award for their support of co-worker Jack (Jake) Sciuto, who is deployed in the National Guard. The awards were presented during a ceremony on December 8 at the East St. Louis treatment plant. Illinois American Water, a subsidiary of American Water (NYSE: AWK), is recognized as a military-friendly employer, providing reliable water services to 1.3 million people in Illinois. The company has also received the 2021 Military Friendly® Gold Employer designation.

Missouri American Water has welcomed approximately 778 new customers in Garden City, Missouri, providing them with clean drinking water and reliable wastewater services. Following the approval from the Missouri Public Service Commission, the company pledged to invest $7.4 million over the next five years to enhance the water and wastewater systems, ensuring compliance with state and federal regulations. The transition will include welcome packets for customers detailing new services, including the MyWater online portal for account management.

Illinois American Water launched its annual art contest, "Water Keeps Life Flowing," engaging 3rd to 5th graders to express the significance of safe water service through art. This initiative promotes creativity while educating children on the public health and environmental importance of water. The contest awarded 22 winners, with each classroom receiving a $100 donation. Illinois American Water, part of the largest investor-owned water utility in the U.S., aims to connect with future environmental leaders through this outreach.

American Water Works Company (NYSE: AWK) has finalized the sale of its Homeowner Services Group to Apax Partners for approximately $1.275 billion. The transaction includes $485 million in cash and a $720 million secured Seller Note, which carries a 7% interest rate over five years. An additional $75 million may be received if certain conditions are met by December 31, 2023. The cash proceeds are intended for reinvestment in American Water's regulated operations, enhancing their capital investment strategy.

American Water Works Company (NYSE: AWK) has announced a quarterly cash dividend of $0.6025 per share, payable on March 1, 2022, to shareholders on record by February 8, 2022. This dividend reflects an increase approved by the Board in April 2021. The company offers a dividend reinvestment program enabling shareholders to reinvest dividends without brokerage fees. With a history dating back to 1886, American Water serves approximately 15 million customers across 46 states, emphasizing safe and reliable water services.

American Water (NYSE: AWK) has appointed Susan Hardwick as Interim CEO following the hospitalization of Walter Lynch, the current CEO. This decision is in line with the company's business continuity plan, allowing Lynch to focus on recovery without disrupting operations. The Board expresses confidence in Hardwick and the management team to maintain essential services across the U.S. Updates will be provided as necessary.

Pennsylvania American Water has launched a 30-second animated public service video this holiday season, educating customers on the proper disposal of Fats, Oils, and Grease (FOG). The video features humorous characters demonstrating how improper disposal can lead to plumbing and sewer issues. Customers are advised against pouring grease down the drain and encouraged to use a rubber scraper for clean-up. The company serves approximately 2.4 million people and emphasizes the importance of maintaining infrastructure to prevent clogs and protect waterways. For more tips, visit their website.

Missouri American Water alerts property owners in St. Louis about precautions to prevent frozen water pipes as temperatures drop. Homeowners should know the location of their main shut-off valve and insulate vulnerable pipes. During freezing temperatures, letting both hot and cold faucets drip can prevent freezing. If pipes do freeze, turning off the water and warming the air around the pipes is essential. Missouri American Water serves about 1.5 million people in Missouri and is a subsidiary of American Water (NYSE: AWK).