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Good morning,
Hope you had a terrific April. We’re closing out the month with three new dividend increases: an inflation-beating raise from a water utility, a solid hike from a manufacturing name, and the latest boost from Alphabet.
Let’s start with the utility.
American Water Works Company, Inc. ($AWK) Raises Dividend By 8.2%
American Water Works Company, Inc. is the largest regulated water and wastewater utility in the United States, serving nearly 14 million people.
In its latest press release, management reaffirmed its commitment to steady dividend growth: “The company expects to continue its annual dividend growth within a 7 to 9 percent range over the long term, while maintaining a target payout ratio of 55 to 60 percent of earnings.”
Yesterday, the company delivered on this promise, announcing an 8.2% dividend increase.
American Water Works Company, Inc. will now pay a $0.895/share quarterly dividend.
Ex-dividend date: 5/12/26
Payout date: 6/2/26
Forward starting dividend yield: 2.72%
PACCAR Inc ($PCAR) Raises Dividend By 6.1%
PACCAR is a commercial truck manufacturer and the parent company of the Kenworth, Peterbilt, and DAF brands. The company also produces aftermarket truck parts and provides vehicle financing.
It’s one of the rare automakers that has consistently outperformed the market, with a 10-year average annual total return of 15.84%. As management stated in its latest release: “PACCAR’s shareholders have earned returns that have exceeded the S&P 500 index for the last five-, ten-, and twenty-year periods.”
Recently, the company announced a 6.1% dividend raise.
PACCAR Inc will now pay a $0.35/share quarterly dividend.
Ex-dividend date: 5/13/26
Payout date: 6/3/26
Forward starting dividend yield: 1.16%
Alphabet Inc. ($GOOG) Raises Dividend By 5%
Alphabet is the parent company of Google, YouTube, Gmail, Android, Waymo, Verily, and Wing. It is one of the largest and most influential tech companies in the world, and there’s a good chance you’re using an Alphabet product or service to read this email.
The company initiated its dividend in 2024 and has raised it each year since.
Yesterday, Alphabet announced a 5% increase.
Alphabet Inc. will now pay a $0.22/share quarterly dividend.
Ex-dividend date: 6/8/26
Payout date: 6/15/26
Forward starting dividend yield: 0.24%
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Thank you for reading, and have a great day!
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Disclaimer: This article is for entertainment purposes only. It is not financial advice, always do your own research.
