H2O America (HTO) to Issue Quarterly Dividend of $0.42 on December 1st

H2O America (NASDAQ:HTO) announced a quarterly dividend on Friday, October 24th, NASDAQ Dividends reports. Shareholders of record on Monday, November 10th will be given a dividend of 0.42 per share by the utilities provider on Monday, December 1st. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th.

H2O America has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 57 consecutive years. H2O America has a payout ratio of 53.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect H2O America to earn $2.95 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 56.9%.

H2O America Price Performance

Shares of H2O America stock traded up $0.37 on Friday, hitting $47.67. The company’s stock had a trading volume of 237,916 shares, compared to its average volume of 266,298. The company has a market capitalization of $1.71 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 2.39 and a beta of 0.54. H2O America has a 52-week low of $44.91 and a 52-week high of $57.17. The firm has a fifty day moving average price of $48.69 and a 200-day moving average price of $51.01. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.15.

H2O America (NASDAQ:HTO) last announced its earnings results on Monday, October 27th. The utilities provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. H2O America had a net margin of 13.59% and a return on equity of 7.87%. The company had revenue of $240.55 million during the quarter, compared to analysts’ expectations of $232.27 million. On average, equities research analysts expect that H2O America will post 2.75 earnings per share for the current fiscal year.

H2O America Company Profile

SJW Group, through its subsidiaries, provides water utility and other related services in the United States. It operates in Water Utility Services and Real Estate Services segments. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District.