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American Water Increases Quarterly Dividend

^{Published on 2010-07-30 10:35:46 - Market Wire}
 

VOORHEES, N.J.--([ BUSINESS WIRE ])--American Water Works Company, Inc. (NYSE:AWK) announced today that its Board of Directors increased its quarterly cash dividend payment by five percent from $0.21 to $0.22 per share.

"This is our ninth consecutive declaration since going public in 2008."

The regular quarterly cash dividend is payable on September 1, 2010 to all shareholders of record as of August 18, 2010.

aWe are pleased with the Boarda™s decision to increase our dividend as it reflects our solid financial performance to-date,a said Don Correll, president and CEO of American Water. aThis is our ninth consecutive declaration since going public in 2008.a

This year, American Water also announced American Water Stock Direct, a dividend reinvestment and direct stock purchase plan, which enables stockholders to reinvest cash dividends and purchase additional American Water common shares without any brokerage commissions or service charges. Stockholders and other persons may obtain a copy of the Plan prospectus and an enrollment form by contacting American Stock Transfer & Trust Company (aASTa) at (888) 556-0423 or visiting ASTa™s website at [ www.amstock.com ].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. The offer is being made solely through the Plan prospectus.

Founded in 1886, American Water is the largest investor-owned U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs more than 7,000 dedicated professionals who provide drinking water, wastewater and other related services to approximately 16 million people in 35 states and Ontario and Manitoba, Canada.