Essential Utilities Announces a 7% Dividend Increase for Second Quarter of 2024

Essential Utilities

BRYN MAWR, PA — Essential Utilities Inc. (NYSE: WTRG), one of the leading publicly traded water and natural gas service providers in the United States, has announced an increase in its quarterly cash dividend. The company’s board of directors recently declared a dividend of $0.3071 per share for the second quarter of 2024, marking a 7% increase from the same period last year.

The dividend will be payable on June 1, 2024, to all shareholders who are on record as of May 10, 2024. This represents a $0.0201 per share increase from the June 2023 dividend payment of $0.2870 per share.

This is not a new trend for Essential Utilities, which has a long history of consistent dividend payments. The company has paid consecutive quarterly cash dividends for 79 years, and this marks the 33rd time in the past 32 years that the company has increased its dividend.

Essential Utilities’ commitment to its shareholders is matched by its dedication to the communities it serves. The company operates under the Aqua and Peoples brands, providing water, wastewater, and natural gas services to approximately 5.5 million people across nine states. It is committed to sustainable growth, operational excellence, superior customer service, and being a premier employer.

In addition to its service commitments, Essential Utilities is also a dedicated steward of natural lands. The company protects more than 7,600 acres of forests and other habitats throughout its operational footprint, emphasizing its commitment to the environment and the communities it serves.

This latest dividend increase highlights Essential Utilities’ ongoing commitment to creating shareholder value. It also highlights the company’s robust financial health, even as it continues to invest in infrastructure, customer service, and environmental stewardship. Shareholders can look forward to the continued benefits of the company’s long-standing policy of sharing its financial success.

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