Essential Utilities, Inc. Declares March 2023 Dividend, Payable on March 1, 2023
December 07, 2022 at 10:17 pm IST
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Essential Utilities, Inc. announced that the board of directors of the company declared a quarterly cash dividend of $0.2870 per share, payable March 1, 2023 to all shareholders of record on February 10, 2023. The March 2023 dividend payment of $0.2870 per share represents a $0.0188, or 7% increase over the March 2022 dividend payment of $0.2682 per share. Essential Utilities has paid consecutive quarterly cash dividends for 78 years and has increased the dividend 32 times in the last 31 years.
Essential Utilities, Inc. is a holding company for regulated utilities providing water, wastewater, or natural gas services. The Companyâs segments include the Regulated Water segment and the Regulated Natural Gas segment. The Regulated Water segment consists of water and wastewater regulated utility companies, which are organized by the states where the Company provides water and wastewater services. The Regulated Natural Gas segment consists of natural gas utility companies, acquired in the Peoples Gas Acquisition, for which the Company provides natural gas distribution services. It provides services across Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, and Kentucky under the Aqua and Peoples brands. The Company also operates market-based activities, conducted through its non-regulated subsidiaries, that provide utility service line protection solutions and repair services to households and gas marketing and production activities.