BRYN MAWR, PA — Essential Utilities Inc. (NYSE: WTRG), a key player in the utilities sector, has announced a 7% increase in its quarterly cash dividend for March 2024. The company’s board of directors declared a dividend of $0.3071 per share, payable on March 1, 2024, to all shareholders on record as of February 9, 2024.
This latest dividend payment marks an increase of $0.0201 per share over the March 2023 dividend of $0.2870 per share. It’s a significant move that underscores the company’s strong performance and commitment to returning value to its shareholders.
Essential Utilities has an impressive track record when it comes to dividends. The company has not only paid consecutive quarterly cash dividends for a remarkable 79 years but has also increased the dividend payout 33 times over the past 32 years. This consistent growth reflects the company’s stability and resilience, even in challenging economic climates.
The increase in the quarterly dividend is a positive sign for investors, signaling the company’s robust financial health and its confidence in its future growth prospects. It also reaffirms Essential Utilities’ position as a reliable choice for income-focused investors seeking steady returns.
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