Stock Quotes in this Article: AWK MSEX

SAN FRANCISCO (Stockerblog) -- American Water (AWK) is celebrating its 125th anniversary this year. Actually, the transportation of water is an extremely old business. The Assyrians built a 50-mile-long limestone aqueduct in the seventh century BC, which carried water through a valley to Nineveh, their capital. It measured about 30 feet high and almost 1000 feet wide.

American Water is a New Jersey based company that provides drinking water and wastewater services to 30 states and 2 Canadian provinces. The stock trades at 17 times forward earnings and pays a yield of about 3%. The current annual dividend rate is 92 cents per share, up from 68 cents per share for the previous year, a 35% increase. Earnings for the latest quarter were up 10.7% on a 2.3% increase in revenue.


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    Middlesex Water Co. (MSEX) is another water utility that has been around for over a century, as it was founded in 1897. The company primarily serves New Jersey, Delaware, and Pennsylvania. The stock has a forward price to earnings ratio of 19, which is a bit on the high side, however, it pays a generous yield of 4%. The company just raised its dividend on November 10. Earnings were down over 10% for the latest quarter. just updated its free list of dividend paying water utility stocks, which shows the PE, the forward PE, the price to earnings growth ratio, and the yield.


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    At the time of publication, author had no positions in stocks mentioned.

    Fred Fuld III, the publisher of stock and bond investing blog Stockerblog and founder of WallStreetNewsNetwork, has been in the financial services industry for over 20 years, working as an investment advisor, options market maker at the Pacific Stock Exchange, vice president of a San Francisco money management firm, university faculty member and wholesaler for the New Alternatives Fund (the first environmentally conscious mutual fund). He is the author of the books Investing in Brazil Stocks and The Green Light on Green Stocks.