American Water Works Company, Inc.'s Board of Directors approved an 8.2% increase in the company's quarterly cash dividend, raising it from $0.765 per share to $0.8275 per share. This marks a continuation of the company's consistent dividend growth over the last decade.
The company also affirmed its 2025 EPS guidance range of $5.65 to $5.75, which represents an expected 8% growth from its weather-normalized 2024 EPS. This affirmation signals management's confidence in achieving its financial targets.
American Water reaffirmed its long-term targets of 7% to 9% compounded annual growth for both EPS and dividends. This growth is projected to be driven by an 8% to 9% rate base growth, supported by the company's robust capital investment plan.
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