Another dividend is on tap for investors in American Water Works (NYSE:AWK). The company has declared its latest quarterly common stock distribution, which is to be $0.28 per share, paid on December 2 to shareholders of record as of November 15. That amount matches both of the firm's previous two payouts, the most recent of which was dispensed at the beginning of September. Prior to that, American Water paid $0.03 less, or $0.25 per share.
The firm has handed out a dividend since September 2008. It has steadily climbed from $0.20 per share to the present level over that time.
The just-declared dividend annualizes to $1.12 per share. That yields 2.7% at American Water's current stock price of $40.88.
Fool contributor Eric Volkman has no position in American Water Works. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.