Aqua America Hikes Dividend, Splits Stock

Water utility operator Aqua America (NYSE: WTR  ) announced today the third-quarter dividend increase  of 9% to $0.19 per share that it announced on May 8. It became effective on September 1 and was priced at the market's open today.

At the same time the utility operator said that its previously announced 5-for-4 stock split also became effective today with the increased dividend being applied to the shares prior to the stock split.

The regular dividend payment equates to a $0.76-per-share annual dividend, yielding 3.1% based on the closing price today of Aqua America's stock. The equivalent quarterly dividend rate after the stock split would be $0.152 per share on the increased number of shares resulting from the stock distribution, or $0.608 per share on an annualized basis.

WTR Dividend Chart

WTR Dividend data by YCharts. Chart does not reflect the current dividend and stock split announcements


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2620676, ~/Articles/ArticleHandler.aspx, 9/18/2014 5:48:08 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement