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American Water Works Company Inc. Declares Quarterly Dividend.


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, N.J.--(BUSINESS WIRE)--July 7, 1998--At its meeting Tuesday, the Executive Committee of the Board of Directors of American Water Works Company Inc. (NYSE NYSE

See: New York Stock Exchange
: AWK (Aho Weinberger Kernighan) A Unix programming utility developed in 1977 by Alfred Aho, Peter Weinberger and Brian Kernighan. Due to its unique pattern-matching syntax, awk is often used in data retrieval and data transformation. ) declared the company's regular quarterly dividend of 20 1/2 cents per share Cents per share

The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned.
 on its common stock, payable Aug. 17, 1998 to shareholders of record on July 24, 1998.

Directors also declared the regular quarterly dividends of 31 1/4 cents per share on the cumulative preferred stock Cumulative preferred stock

Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: Non-cumulative preferred stock.
, 5 percent series, and the 5 percent cumulative preference stock, and 53 1/8 cents per share on the cumulative preferred stock, 8.5 percent series (unlisted), all payable Sept. 1, 1998 to shareholders of record on Aug. 7, 1998.

American Water Works Company is the largest investor-owned water utility business in the U.S. Its 23 utility subsidiaries serve a population of more than 7 million people in over 860 communities in 22 states.

    CONTACT:  American Water Works Company Inc.
               Thomas G. McKitrick, V.P. Investor Relations
           609/346-8200


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Publication:Business Wire
Article Type:Article
Geographic Code:1USA
Date:Jul 7, 1998
Words:165
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