American Water Declares Quarterly Dividend
Cash dividend payable in the fourth quarter 2012
VOORHEES, N.J.--(BUSINESS WIRE)-- American Water Works Company, Inc. (NYS: AWK) announced today that its Board of Directors declared a quarterly cash dividend payment of $0.25 per share. The regular quarterly cash dividend is payable on December 3, 2012 to all shareholders of record as of November 16, 2012.
"American Water is pleased to continue its tradition of declaring quarterly dividends for shareholders," said Jeff Sterba, president and CEO of American Water. "Earlier this year, American Water raised its dividend 8.7 percent and refined its dividend policy so payouts more closely track with financial performance. The company has increased its dividend every year since becoming publicly traded in 2008, demonstrating our commitment to striking the right balance between reinvestment in our regulated operations and cash dividend payments."
American Water offers a dividend reinvestment and direct stock purchase plan called American Water Stock Direct, which enables stockholders to reinvest cash dividends and purchase additional American Water common shares without any brokerage commissions or service charges. Stockholders 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.amstock.com, contacting American Water's Investor Relations at 877-310-7174 or by visiting the Investor Relations page at www.amwater.com.
American Water is a supporter of Defend My Dividend, a national grassroots advocacy campaign with the mission of retaining the current dividend tax rate. Without action by Congress, the tax rates on dividends and capital gains are set to increase on January 1, 2013. More information is available on the Investor Relations page at www.amwater.com, or by visiting www.defendmydividend.org.
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
Founded in 1886, American Water is the largest publicly traded U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs approximately 7,000 dedicated professionals who provide drinking water, wastewater and other related services to an estimated 15 million people in more than 30 states and parts of Canada. More information can be found at www.amwater.com.
American Water Works Company, Inc.
Vice President, Investor Relations
Vice President, Communications
KEYWORDS: United States North America New Jersey
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