H2O America (NASDAQ:HTO) Plans $0.44 Dividend

H2O America (NASDAQ:HTO) announced a dividend on Monday, January 26th, NASDAQ Dividends reports. Stockholders of record on Monday, February 9th will be given a dividend of 0.44 per share by the utilities provider on Monday, March 2nd. The ex-dividend date is Monday, February 9th.

H2O America has raised its dividend 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% meaning 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 Stock Performance

NASDAQ HTO traded down $1.13 on Wednesday, reaching $51.26. 454,198 shares of the company’s stock traded hands, compared to its average volume of 335,278. H2O America has a fifty-two week low of $43.75 and a fifty-two week high of $57.17. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 2.67 and a beta of 0.49. The stock has a 50 day moving average price of $49.35 and a 200-day moving average price of $49.16.

H2O America (NASDAQ:HTO) last released its quarterly earnings data on Monday, October 27th. The utilities provider reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. H2O America had a return on equity of 7.87% and a net margin of 13.59%.The business had revenue of $240.55 million during the quarter, compared to analyst estimates of $232.27 million. Equities research analysts predict that H2O America will post 2.75 EPS 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.