American Wtr Wks Co Inc Stock Price, News & Analysis

American Water Works Company (NYSE: AWK) announced a quarterly dividend of 55 cents per share, payable on March 2, 2021, to shareholders on record as of February 8, 2021. This dividend demonstrates the company's continued commitment to returning value to its shareholders. Additionally, American Water provides a dividend reinvestment plan, allowing investors to reinvest dividends and purchase shares without brokerage fees. The company, serving 15 million people across 46 states, emphasizes its reliability in providing safe and affordable water services.

American Water (NYSE: AWK) announced that CEO Walter Lynch will speak at the Bank of America 2020 Water Conference on December 10. In his presentation titled “The State of the Water Industry”, he will address challenges such as infrastructure, water quality, and the impacts of COVID-19. Lynch will also highlight opportunities for sustainability and detail how American Water is committed to enhancing customer service through investments in technology and infrastructure. The company provides water services to 15 million people across 46 states.

Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), will acquire the wastewater collection system assets of Brentwood Borough for approximately $19 million. This decision follows the Brentwood Borough Council's vote in favor of the bid. The acquisition includes about 38 miles of sewer mains serving approximately 4,100 customers. Approval from the Pennsylvania Public Utility Commission and other agencies is required. Pennsylvania American Water assures customers of long-term rate stability, promising no rate increases within two years post-acquisition.

Illinois American Water reminds customers to prevent water damage from frozen and burst pipes as colder weather approaches. Homeowners are advised to check and drain irrigation systems, identify freezing points in their homes, and ensure they know the location of the main water shut-off valve. To prevent freezing, a trickle of water should be allowed to run overnight. If pipes freeze, customers should turn off the water and apply heat safely to thaw them. The company serves approximately 1.3 million people, offering essential water and wastewater services.

California American Water is launching its 30th annual “Operation Gobble” program, collaborating with state legislators to donate to local non-profits. The company will provide donations to underprivileged families and foodbanks, adapting to ensure safety during the pandemic. This initiative aims to assist communities significantly impacted by job losses and food insecurity, serving over 680,000 customers across California. The program emphasizes the importance of community support during challenging times, marking a shift in approach to meet current health protocols.

American Water Resources (AWR) has expanded its home warranty offerings for Philadelphia homeowners through a renewed partnership with the Philadelphia Energy Authority (PEA). New coverage options include plans for electric and gas lines, plumbing clogs, and water heater repairs, with combined monthly rates starting at $11.98. AWR's initiatives have earned a 92% customer satisfaction rating, providing essential protection as Philadelphia's aging infrastructure poses increased risks. Over 70% of work has gone to minority contractors, enhancing local economic opportunities.

Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), is participating in the fifth annual Utility Scam Awareness Day on November 18. The initiative, part of International Scam Awareness Week, aims to educate customers on common scamming tactics. UUAS reports the removal of nearly 9,500 scam toll-free numbers. Utility scams have surged during the COVID-19 pandemic, prompting the company to enhance awareness. Customers are advised to verify utility workers' identities and report suspicious activities. American Water serves approximately 2.4 million people in Pennsylvania.

California American Water will host free virtual workshops to educate customers about assistance programs for low-income households, including payment arrangements and conservation efforts. The sessions aim to help customers navigate financial challenges exacerbated by COVID-19. Key topics include the Customer Assistance Program, budget billing, and water-saving initiatives. The workshops are scheduled for Nov. 17 and Nov. 18 for Southern and Northern California customers, respectively. Participants can attend via Microsoft Teams and learn to apply for assistance to manage their water bills better.