American Water Works (AWK) announced that its subsidiary, New Jersey American Water, completed its acquisition of the water and wastewater systems of the City of Salem, N.J., for $18 million.On May 22, 2024, the New Jersey Board of Public Utilities approved the municipal consent allowing New Jersey American Water to provide services to Salem City customers following the closing of the transaction. These former municipally owned systems serve more than 2,300 water and 2,300 wastewater customers.Per the agree ...

As water scarcity becomes a critical global issue, water stocks are gaining significant attention from investors. By 2030, the demand for freshwater is projected to exceed supply by 40%. This growing need is driving investment in water-related companies, making them attractive options for those looking to capitalize on long-term trends.For June 2024, seven water stocks stand out as strong buy candidates, backed by robust performance and strategic positioning in the market. These companies are well-placed to ...

Investing in water stocks can be a fruitful decision due to the essential role water plays in the functioning of our society. Water utilities provide a critical resource, ensuring reliable demand regardless of the underlying conditions in the economy. That stability is further backed by pricing power granted through regulatory approval. It allows these firms to maintain predictable revenue streams.While water stocks were considered expensive a few years ago, buoyed by low interest rates and investors’ willi ...

American Water Works (AWK) shares ended the last trading session 3.6% higher at $130.77. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 0.3% gain over the past four weeks.American Water Works’ 100% net income is generated from regulated operations and AWK’s focus on expanding regulated operations through capital investments is yielding stable returns, which has allowed the company to increase shareholders’ value. ...

Articles about water stocks to buy typically focus on income-oriented investors. That’s because, like many utility stocks, water stocks are known for their predictability. But if you’re looking for growth, predictable doesn’t cut it.  However, for the next several years, water may be a key sector for investors who are looking for growth. It comes to an undeniable fact. That is, the nation’s water infrastructure is in massive need of repair.  According to a study by the FMI Corporation, 78% of companies in t ...

American Water Works (AWK) announced that its unit, New Jersey American Water will invest $8.4 million in three different projects to strengthen water and wastewater infrastructure in its service region. The company keeps on upgrading old infrastructure and adding new assets to provide reliable services to its customers.Proper maintenance and upgrade of the old infrastructure allow the company to meet rising demand from its residential and commercial customers and assist firefighters during emergencies.New ...

Thomas Barwick/DigitalVision via Getty Images Overview I really enjoy seeing the dividend income in my portfolio grow over time with the least amount of effort on my end. This enjoyment prompts me to spend a lot of time looking for the next opportunity to increase my annual passive income. I believe that utilities offer a ton of opportunities at the moment as these businesses are typically very sensitive to interest rate changes. Utility-based companies often depend on attractive debt financing to fund ...

American Water Works (AWK) announced that its unit, Pennsylvania American Water, will invest $28.3 million to rehabilitate 10 of its water storage tanks and construct four new tanks. Pennsylvania American Water’s tank rehabilitation program of inspecting, sandblasting and repainting tanks extends the tanks’ service lives and helps to protect water quality.Proper maintenance of the old water storage tanks and the addition of new tanks allow the company to meet rising demand from its residential and commercia ...

baona/E+ via Getty Images Don't adjust your set; this week's headline looks much like last week's. The exception is that we have just one dividend king this week: MSA Safety Incorporated (MSA). MSA extends its 53-year growth streak with an 8.5% increase. A dividend king status is something to be celebrated, a testament to a quality business's ability to reward shareholders for over 50 years. The other companies on the list have streaks ranging from 6 to 31 years. Together, they feature an average increa ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric tha ...