Aqua America Inc (WTR) Announces $0.22 Mar 19 Dividend

Aqua America Inc (NYSE:WTR) announced a mar 19 dividend on Monday, February 4th, RTT News reports. Stockholders of record on Friday, February 15th will be given a dividend of 0.219 per share by the utilities provider on Friday, March 1st. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, February 14th.

Aqua America has raised its dividend payment by an average of 7.3% annually over the last three years and has raised its dividend every year for the last 11 years. Aqua America has a payout ratio of 62.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Aqua America to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 59.1%.

WTR opened at $36.03 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.52 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $6.35 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 4.49 and a beta of 0.47. Aqua America has a 12 month low of $32.09 and a 12 month high of $38.24.



Several analysts have recently commented on the company. Zacks Investment Research cut Aqua America from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Janney Montgomery Scott reissued a “buy” rating on shares of Aqua America in a report on Tuesday. Macquarie set a $35.00 price target on Aqua America and gave the company a “hold” rating in a report on Thursday, October 25th. Robert W. Baird raised Aqua America from a “neutral” rating to an “outperform” rating and set a $39.00 price target for the company in a report on Thursday, December 6th. Finally, Boenning Scattergood reissued a “buy” rating and issued a $43.00 price target on shares of Aqua America in a report on Wednesday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Aqua America has an average rating of “Hold” and a consensus target price of $37.50.

In other news, CEO Chris Franklin acquired 25,421 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The stock was purchased at an average cost of $32.86 per share, with a total value of $835,334.06. Following the purchase, the chief executive officer now directly owns 144,368 shares of the company’s stock, valued at approximately $4,743,932.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel Schuller acquired 3,050 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The stock was purchased at an average cost of $32.96 per share, with a total value of $100,528.00. Following the completion of the purchase, the insider now directly owns 20,783 shares in the company, valued at $685,007.68. The disclosure for this purchase can be found here. Insiders purchased a total of 34,637 shares of company stock valued at $1,135,946 over the last ninety days. 0.24% of the stock is currently owned by company insiders.

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Aqua America Company Profile

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry.

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Dividend History for Aqua America (NYSE:WTR)

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