H2O America (NASDAQ:HTO) Shareholders to Collect $0.44 Quarterly Dividend

H2O America (NASDAQ:HTO) announced a quarterly dividend on Monday, October 26th. Investors of record on Monday, November 9th will be given a dividend of $0.44 per share by the utilities provider on Tuesday, December 1st. This represents a $1.76 annualized dividend and a yield of 3.0%. 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 increased its dividend every year for the last 57 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 $2.85 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 61.8%.

H2O America Stock Performance

HTO opened at $58.48 on Tuesday. H2O America has a 1-year low of $43.75 and a 1-year high of $67.09. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 6.80 and a beta of 0.33. The company’s fifty day moving average price is $61.34 and its two-hundred day moving average price is $58.62. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.02.

H2O America (NASDAQ:HTO) last posted its earnings results on Monday, October 26th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.02). H2O America had a return on equity of 6.65% and a net margin of 12.91%. The business had revenue of $250.23 million for the quarter. On average, analysts expect that H2O America will post 2.80 EPS for the current fiscal year.

About H2O America