{"id":774462,"date":"2023-08-02T04:09:17","date_gmt":"2023-08-02T08:09:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-declares-7-dividend-increase-3\/"},"modified":"2023-08-02T04:09:17","modified_gmt":"2023-08-02T08:09:17","slug":"essential-declares-7-dividend-increase-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/essential-declares-7-dividend-increase-3\/","title":{"rendered":"Essential Declares 7% Dividend Increase"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Essential Declares 7% Dividend Increase<\/b><\/p>\n<p>BRYN MAWR, Pa.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe board of directors of<b \/>Essential Utilities Inc. (NYSE: WTRG) today declared a quarterly cash dividend of $0.3071 per share, payable September 1, 2023, to all shareholders of record on August 11, 2023.<\/p>\n<p>\nThe September 2023 dividend will represent a 7% increase compared to the $0.2870 cash dividend the company paid in June of this year. This marks the 33<sup>rd<\/sup> dividend increase in the past 32 years. The company has paid a consecutive quarterly cash dividend for 78 years. Following the increase, the annualized dividend rate will be $1.2284 per share. The company\u2019s targeted dividend payout ratio continues to be 60 to 65% of net income.<\/p>\n<p>\n\u201cThe Board\u2019s decision to increase the quarterly dividend adds to our continued record of delivering shareholder value. The long history of consecutive quarterly cash dividends is indicative of the company\u2019s commitment to yielding strong results while providing safe and reliable services to our customers,\u201d said Essential Chairman and Chief Executive Officer Christopher Franklin.<\/p>\n<p><b>About Essential<\/b><\/p>\n<p>\nEssential Utilities, Inc. (NYSE: WTRG) delivers safe, clean, reliable services that improve quality of life for individuals, families, and entire communities. With a focus on water, wastewater and natural gas, Essential is committed to sustainable growth, operational excellence, a superior customer experience, and premier employer status. We are advocates for the communities we serve and are dedicated stewards of natural lands, protecting more than 7,600 acres of forests and other habitats throughout our footprint.<\/p>\n<p>\nOperating as the Aqua and Peoples brands, Essential serves approximately 5.5 million people across 10 states. Essential is one of the most significant publicly traded water, wastewater service and natural gas providers in the U.S. Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.essential.co%2F&amp;esheet=53497193&amp;newsitemid=20230801139574&amp;lan=en-US&amp;anchor=www.essential.co&amp;index=1&amp;md5=5e8266aafe1365af3e3084f73171274a\">www.essential.co<\/a>.<\/p>\n<p>\nWTRGF<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230801139574r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230801139574\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230801139574\/en\/<\/a><\/span><\/p>\n<p><b>Media<\/b>:<br \/>\n<br \/>Jeanne Russo<br \/>\n<br \/>Vice President, Communications<br \/>\n<br \/>Media Hotline: 1.877.325.3477<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Media@Essential.co\">Media@Essential.co<br \/>\n<\/a><\/p>\n<p><b>Investor:<br \/>\n<\/b><br \/>Brian Dingerdissen<br \/>\n<br \/>Vice President, IR and Treasurer<br \/>\n<br \/>O: 610.645.1191<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:BJDingerdissen@Essential.co\">BJDingerdissen@Essential.co<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Pennsylvania United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Oil\/Gas Energy Environment Sustainability Utilities<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230801139574\/en\/1856349\/3\/Essential_RGB.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Essential Declares 7% Dividend Increase BRYN MAWR, Pa.&#8211;(BUSINESS WIRE)&#8211; The board of directors ofEssential Utilities Inc. (NYSE: WTRG) today declared a quarterly cash dividend of $0.3071 per share, payable September 1, 2023, to all shareholders of record on August 11, 2023. The September 2023 dividend will represent a 7% increase compared to the $0.2870 cash dividend the company paid in June of this year. This marks the 33rd dividend increase in the past 32 years. The company has paid a consecutive quarterly cash dividend for 78 years. Following the increase, the annualized dividend rate will be $1.2284 per share. The company\u2019s targeted dividend payout ratio continues to be 60 to 65% of net income. \u201cThe Board\u2019s decision to increase the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/essential-declares-7-dividend-increase-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Essential Declares 7% Dividend Increase&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-774462","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Essential Declares 7% Dividend Increase - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/essential-declares-7-dividend-increase-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Essential Declares 7% Dividend Increase - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Essential Declares 7% Dividend Increase BRYN MAWR, Pa.&#8211;(BUSINESS WIRE)&#8211; The board of directors ofEssential Utilities Inc. (NYSE: WTRG) today declared a quarterly cash dividend of $0.3071 per share, payable September 1, 2023, to all shareholders of record on August 11, 2023. The September 2023 dividend will represent a 7% increase compared to the $0.2870 cash dividend the company paid in June of this year. This marks the 33rd dividend increase in the past 32 years. The company has paid a consecutive quarterly cash dividend for 78 years. Following the increase, the annualized dividend rate will be $1.2284 per share. The company\u2019s targeted dividend payout ratio continues to be 60 to 65% of net income. \u201cThe Board\u2019s decision to increase the &hellip; Continue reading &quot;Essential Declares 7% Dividend Increase&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/essential-declares-7-dividend-increase-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-02T08:09:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230801139574r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/essential-declares-7-dividend-increase-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/essential-declares-7-dividend-increase-3\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Essential Declares 7% Dividend Increase\",\"datePublished\":\"2023-08-02T08:09:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/essential-declares-7-dividend-increase-3\\\/\"},\"wordCount\":331,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/essential-declares-7-dividend-increase-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230801139574r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/essential-declares-7-dividend-increase-3\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/essential-declares-7-dividend-increase-3\\\/\",\"name\":\"Essential Declares 7% Dividend Increase - 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