American Water Works declares dividends.VOORHEES, N.J.--(BUSINESS WIRE)--Oct. 3, 1996--The board of directors of American Water Works Co. 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. ) Thursday declared regular quarterly dividends on common and preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. . The board declared its regular quarterly dividend of 17 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. of common stock, payable Nov. 15, 1996, to shareholders of record on Oct. 25, 1996. 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 Dec. 1, 1996 to shareholders of record on Nov. 8, 1996. American Water Works Co. Inc. is the largest investor-owned water utility business in the United States, serving some 7 million people in more than 800 communities in 21 states. CONTACT: American Water Works Co. Inc., Voorhees George W. Johnstone, president/CEO, 609/346-8200 |
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