H2O America (HTO) to Distribute Quarterly Dividend of $0.44 on September 1st

H2O America (NASDAQ:HTO) declared a quarterly dividend on Monday, July 27th. Shareholders of record on Monday, August 10th will be paid a dividend of 0.44 per share by the utilities provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, August 10th.

H2O America has raised 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 56.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect H2O America to earn $2.75 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 64.0%.

H2O America Stock Performance

H2O America stock opened at $62.66 on Friday. The company’s 50-day moving average price is $60.50 and its 200-day moving average price is $57.84. H2O America has a twelve month low of $43.75 and a twelve month high of $67.09. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.02. The company has a market cap of $2.62 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 6.37 and a beta of 0.34.

H2O America (NASDAQ:HTO) last announced its earnings results on Monday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. H2O America had a net margin of 12.91% and a return on equity of 6.65%. The firm had revenue of $210.47 million for the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, equities research analysts forecast that H2O America will post 3.13 EPS for the current fiscal year.

About H2O America

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.