H2O America (HTO) to Issue Quarterly Dividend of $0.44 on December 1st

H2O America (NASDAQ:HTO) announced a quarterly dividend on Friday, October 23rd. Stockholders of record on Monday, November 9th will be paid a dividend of $0.44 per share by the utilities provider on Tuesday, December 1st. This represents a $1.76 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, November 9th.

H2O America has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 57 consecutive years. H2O America has a payout ratio of 56.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect H2O America to earn $2.88 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 61.1%.

H2O America Trading Up 0.5%

Shares of HTO stock opened at $62.95 on Friday. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 24.69 and a beta of 0.35. H2O America has a 1-year low of $43.75 and a 1-year high of $67.09. The stock has a 50-day moving average of $60.91 and a 200-day moving average of $59.02. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.85.

H2O America (NASDAQ:HTO) last released its quarterly earnings results on Monday, October 26th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.02). H2O America had a net margin of 12.51% and a return on equity of 6.03%. The firm had revenue of $250.23 million for the quarter. On average, equities research analysts forecast that H2O America will post 3.01 earnings per share for the current year.

About H2O America