SmarterDividends
AWK

American Water Works Company, Inc.

AWK

Utilities · Utilities - Regulated Water · Stock · quarterly payer

$142.75

Overvalued · -21% Add to Portfolio

Forward Yield

2.51%

Annual Dividend

$3.58

Payout Ratio

59%

5-Yr Growth

8.6%

Ex-Date

Aug 11, 2026

Frequency

Quarterly

Key facts about AWK's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 24, 2026, American Water Works Company, Inc. (AWK) has a forward dividend yield of 2.51%, based on an annual dividend of $3.58 per share and a share price of $142.75.
  • As of Oct 24, 2026, AWK's dividend safety grade from SmarterDividends is A (85 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, American Water Works Company, Inc. (AWK) has raised its dividend for 17 consecutive years as of Oct 24, 2026.
  • AWK has never cut its regular dividend in the payment history SmarterDividends has on record.
  • AWK's most recent ex-dividend date was Aug 11, 2026, for a dividend of $0.90 per share.
  • As of Oct 24, 2026, AWK pays out 59% of its trailing 12-month earnings as dividends (its payout ratio).
  • AWK's dividend has grown at an average rate of 8.6% a year over the past five years.
  • As of Oct 24, 2026, AWK's 2.51% yield is 28% above its five-year average yield of 1.96%.
  • As of Oct 24, 2026, SmarterDividends' blended fair-value estimate for AWK is $113.04 per share, 21% below the $142.75 share price, so AWK screens as overvalued.
  • American Water Works Company, Inc. (AWK) pays its dividend quarterly, 4 times a year.
  • American Water Works Company, Inc. (AWK) has raised its regular dividend 18 times and cut it 0 times across the 73 payments on record since 2008. Its most recent change was a 8.1% increase to $0.895 per share, going ex-dividend on May 12, 2026.
  • American Water Works (AWK) has declared its first higher dividend of the year in April in 4 of the last 5 years; its most recent raise, 8.1%, was declared on Apr 29, 2026.
Cite this page

SmarterDividends, "AWK Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 24, 2026, https://smarterdividends.com/stocks/AWK

Summary

As of Oct 24, 2026, American Water Works Company, Inc. (AWK) yields 2.51% ($3.58 a year per share), has a dividend safety grade of A (85/100) and has 17 consecutive years of dividend increases on record.

Is AWK a good dividend stock?

Yes

American Water Works Company, Inc. (AWK) pays a quarterly dividend yielding 2.51% ($3.58/yr), with 17 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 17 consecutive years of dividend growth
  • Never cut its dividend on record
  • Comfortable payout ratio (59%)
  • Strong 8.6% 5-yr dividend growth
  • Top-tier dividend safety score

Risks

  • Share price is down over the past 5 years

Key Data

Dividend Yield
2.51%
Payout Ratio
59%
Annual Dividend
$3.58
5-Yr Avg Growth
8.6%
Ex-Dividend Date
Aug 11, 2026
Years of Growth
17
Frequency
quarterly
Beta
0.57
Market Cap
$28.4B
P/E Ratio
24.7
5-Yr Total Return
-15%
52-Week Range
$120.57 – $144.14
Dividend Safety
A · 85/100
Ever Cut?
No

AWK dividend raises and cuts

American Water Works Company, Inc. (AWK) has raised its regular dividend 18 times and cut it 0 times across the 73 payments on record since 2008. Its most recent change was a 8.1% increase to $0.895 per share, going ex-dividend on May 12, 2026.

Ex-dateChangeOld → newMove
May 12, 2026Raise$0.828 → $0.895+8.1%
May 13, 2025Raise$0.765 → $0.828+8.2%
May 13, 2024Raise$0.708 → $0.765+8.1%
May 8, 2023Raise$0.655 → $0.708+8.1%
May 9, 2022Raise$0.603 → $0.655+8.6%
May 10, 2021Raise$0.550 → $0.603+9.6%
May 11, 2020Raise$0.500 → $0.550+10.0%
May 10, 2019Raise$0.455 → $0.500+9.9%
May 10, 2018Raise$0.415 → $0.455+9.6%
May 3, 2017Raise$0.375 → $0.415+10.7%
May 5, 2016Raise$0.340 → $0.375+10.3%
May 7, 2015Raise$0.310 → $0.340+9.7%
Show all 18 changes since 2009
Ex-dateChangeOld → newMove
May 8, 2014Raise$0.280 → $0.310+10.7%
May 22, 2013Raise$0.250 → $0.280+12.0%
Jul 3, 2012Raise$0.230 → $0.250+8.7%
Aug 10, 2011Raise$0.220 → $0.230+4.5%
Aug 16, 2010Raise$0.210 → $0.220+4.8%
Aug 14, 2009Raise$0.200 → $0.210+5.0%
Every AWK payment →Download every raise and cut (CSV)
AWK ex-dividend date & scheduleNext ex-date Aug 11, 2026 · full ex-dividend historyView →AWK dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is AWK a good dividend stock?

Yes. American Water Works Company, Inc. (AWK) pays a quarterly dividend yielding 2.51% ($3.58/yr), with 17 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is AWK undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, AWK's fair value is about $113.04 versus a $142.75 share price — so it looks overvalued (-21% vs. fair value).

Is AWK's dividend safe?

AWK has a dividend-safety grade of A (85/100), based on its payout coverage, free-cash-flow, 17-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is AWK's fair value?

Our blended fair-value estimate for AWK is about $113.04 per share, about 21% below the current $142.75 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is AWK a buy, hold, or sell?

We don't issue formal ratings, but on the data AWK screens as "yes" and overvalued. American Water Works Company, Inc. (AWK) pays a quarterly dividend yielding 2.51% ($3.58/yr), with 17 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will AWK cut its dividend?

AWK earns a dividend-safety grade of A (85/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does AWK pay a dividend?

Yes. American Water Works Company, Inc. pays a quarterly dividend of about $3.58 per share annually, a forward yield of roughly 2.51%.

What is AWK's dividend yield?

As of Oct 24, 2026, AWK's forward dividend yield is 2.51%, based on a $3.58 annual dividend and a $142.75 share price.

What is AWK's dividend per share?

As of Oct 24, 2026, AWK pays $3.58 per share per year, distributed on a quarterly basis.

What is AWK's dividend payout ratio?

As of Oct 24, 2026, AWK's payout ratio is 59% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has AWK grown its dividend?

As of Oct 24, 2026, AWK has increased its dividend for 17 consecutive years.

When is the next AWK ex-dividend date?

As of Oct 24, 2026, AWK's next ex-dividend date hasn't been announced. The most recent was Aug 11, 2026, for $0.90 per share.

AWK Dividend News

AWK
IncreaseAWK·Jun 10, 2026

American Water Raises Dividend 8.1% to $0.895, Extends Streak

American Water lifted its quarterly dividend 8.1% to $0.895, extending a 17-year growth streak while its earnings payout ratio stands at 59%.

Income Calculator

At $3.58 / yr per share

Per payment (quarterly)$89.50
Annual$358.00
Monthly avg$29.83

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