Essential Utilities dividend – ESSENTIAL UTILITIES: A Cost-Effective Option for Growing Your Dividends

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Essential Utilities ($NYSE:WTRG) are an affordable option for growing your dividends and increasing overall returns. The company, or stock, offers a wide range of services and products including electric, water, wastewater, and natural gas that are essential for everyday life. Investing in Essential Utilities provides the opportunity to regularly increase their dividend income with a reliable and cost-effective option. The company has a long history of providing high-quality services and products, and they have consistently delivered stable and increasing dividends over the years. This has enabled them to offer investors attractive yields and consistent returns over time.

Additionally, they are well-positioned to continue delivering growth in their dividends over the long term, providing investors with a cost-effective option for growing their portfolio. The company’s management team is also focused on cost-efficiency and has implemented a wide range of initiatives designed to reduce costs and increase operational efficiency. This has enabled the company to remain competitive in the market and maximize their returns for investors. With their commitment to cost-effectiveness and their solid track record of consistent dividend payouts, Essential Utilities is an attractive option for those looking to grow their portfolio with a reliable source of income.

Dividends – Essential Utilities dividend

Over the last three years, ESSENTIAL UTILITIES has issued an annual dividend per share of 1.17 USD in 2021, 1.11 USD in 2022, and 1.04 USD in 2023. This has created an attractive dividend yield from 2021 to 2023 of 2.63%, 2.32%, and 2.22%, with an average dividend yield of 2.39%. If you are interested in dividend stocks, ESSENTIAL UTILITIES might be worth considering due to its competitively priced dividend yields and consistent dividend growth.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Essential Utilities. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Essential Utilities. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Essential Utilities. More…

Key Ratios Snapshot

Some of the financial key ratios for Essential Utilities are shown below. More…

Price History

On Friday, ESSENTIAL UTILITIES stock opened at $36.2 and closed at $36.0, representing a drop of 0.9% from the prior closing price of 36.3. Although the stock dipped slightly, the overall trend of ESSENTIAL UTILITIES has been on an upward trajectory. This is due, in large part, to the effective management and cost-effective options that the company has been utilizing to increase its dividends. Consequently, ESSENTIAL UTILITIES is an attractive option for those looking to grow their dividends. Live Quote…

Analysis

At GoodWhale, we conducted an analysis of ESSENTIAL UTILITIES‘s wellbeing. Our Star Chart showed that ESSENTIAL UTILITIES is strong in asset, dividend, growth, and medium in profitability. We classified the company as a ‘gorilla’, meaning it has a competitive advantage that has enabled it to achieve stable and high revenue or earning growth. We believe investors interested in ESSENTIAL UTILITIES would be those looking for a company with a strong competitive advantage that can generate stable and high revenue or earning growth. They would also be attracted to the fact that ESSENTIAL UTILITIES has an intermediate health score of 4/10 with regard to its cashflows and debt, suggesting that it may be able to pay off debt and fund future operations. More…

Peers

Aris Water Solutions Inc, Premium Water Holdings Inc, and Global Water Resources Inc are its major competitors. Essential Utilities Inc has a strong market position and offers a wide range of water and wastewater services. The company has a diversified customer base and a strong financial position.

– Aris Water Solutions Inc ($NYSE:ARIS)

Aris Water Solutions Inc is a publicly traded company with a market cap of 398.68M as of 2022. The company has a Return on Equity of 3.88%. Aris Water Solutions Inc is engaged in the business of water treatment and wastewater management. The company provides water treatment solutions to municipalities, industries and businesses.

– Premium Water Holdings Inc ($TSE:2588)

Water Holdings Inc is a publicly traded company that provides water and wastewater services to residential, commercial, and industrial customers in the United States. It is the largest provider of water and wastewater services in the United States. The company has a market capitalization of $71.6 billion as of 2022 and a return on equity of 28.31%. The company’s primary business is providing water and wastewater services to customers in the United States, but it also has a significant presence in the United Kingdom, Australia, and Canada.

– Global Water Resources Inc ($NASDAQ:GWRS)

Global Water Resources Inc is a water resource management company. It provides water and wastewater services to residential, commercial, and industrial customers in the Phoenix metropolitan area. The company was founded in 1985 and is headquartered in Scottsdale, Arizona.

Summary

Essential Utilities is a dividend-growth stock for investors looking for steady returns. The company is an operator of natural gas, wastewater, and electric companies, which provide essential services to their customers. Essential Utilities also boasts a strong balance sheet with low debt levels and good cash flow coverage.

Analysts expect the company to continue to grow its earnings and dividends over the long term. Overall, Essential Utilities offers a great option for investors looking for steady dividend growth.