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The board of directors of Essential Utilities (NYSE: WTRG) declared a quarterly cash dividend of $0.2870 per share, payable on December 1, 2022 to shareholders of record on November 11, 2022. This represents a 7% increase from the December 2021 dividend of $0.2682. The annual dividend rate is now $1.1480 compared to $1.0728 last year. Essential has maintained consecutive dividends for 77 years and has increased them 32 times in the last 31 years.
Positive
Quarterly dividend increased by 7% to $0.2870 per share.
Annual dividend rate raised to $1.1480, up from $1.0728 last year.
77 years of consecutive quarterly cash dividends.
Negative
None.
BRYN MAWR, Pa.--(BUSINESS WIRE)--
The board of directors of Essential Utilities Inc. (NYSE: WTRG) today declared a quarterly cash dividend of $0.2870 per share, payable Dec. 1, 2022 to all shareholders of record on Nov. 11, 2022.
The December 2022 dividend payment of $0.2870 per share represents a $0.0188, or 7% increase over the December 2021 dividend payment of $0.2682 per share. The annual dividend rate is at $1.1480 per year compared to $1.0728 at the same time in the previous year. Essential Utilities has paid consecutive quarterly cash dividends for 77 years and has increased the dividend 32 times in the last 31 years.
About Essential
Essential is one of the largest publicly traded water, wastewater service and natural gas providers in the U.S., serving approximately 5.5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.
