Aqua America Inc: The Most Overlooked Dividend Aristocrat?

For income investors, few things are better than a steadily growing stream of dividends. And that’s why in the stock market, there is a very special group of companies that deserve your attention: the S&P 500 Dividend Aristocrats. To put it simply, S&P 500 Dividend Aristocrats are S&P 500 companies that have increased their dividends every year for at least 25 years. As of July 2018, only 53 of the S&P 500 companies have earned the “dividend aristocrat” title.

Today, though, I would like to show you a much lesser known member of the S&P 500 Dividend Aristocrats club: Aqua America Inc (NYSE:WTR). Headquartered in Bryn Mawr, Pennsylvania, Aqua America Inc is a water and wastewater utility company. It currently serves around three million customers in Texas, New Jersey, Ohio, Pennsylvania, Indiana, Illinois, Virginia, and North Carolina. As of December 31, 2017, Aqua America’s infrastructure network consisted of over 12,000 miles of water mains, 21 surface water filtration plants, 187 wastewater treatment plants, more than 800 water storage tanks, and around 3,300 wells and 1,100 vehicles.

Source: Income Investors

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