Cash dividend payable in the second quarter of 2024

CAMDEN, NJ--(BUSINESS WIRE)-- American Water Works Company, Inc. (NYSE: $AWK (-0.3%) ) today announced that its Board of Directors has declared a quarterly cash dividend payment of $0.7650 per share of common stock, an increase of 8.1 percent.

The company expects to continue its dividend growth in the range of 7 to 9 percent over the long term and to target a dividend payout ratio between 55 and 60 percent of earnings.

https://ir.amwater.com/news-and-events/financial-releases/financial-release-details/2024/American-Water-Announces-Increased-Quarterly-Dividend/default.aspx

Unfortunately, I only recently started a savings plan, so the position is still small