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AMERICAN WATER WORKS COMPANY DIVIDEND RATE IS INCREASED BY 8%

 VOORHEES, N.J., Jan. 6 /PRNewswire/ -- The board of directors of American Water Works Company (NYSE: AWK) voted today to increase the quarterly dividend rate on its common stock by 8% to 27 cents a share. The quarterly rate in 1993 was 25 cents a share.
 The increase is the 19th consecutive annual increase of the common stock dividend rate. The dividend will be paid on Feb. 15 to stockholders of record on Jan. 21.
 George W. Johnstone, president and chief executive officer of the company, said the decision reflects the board's confidence in the company's financial performance and strategy of expanding its water service operations.
 The board also declared the regular quarterly dividends on the company's preferred and preference stocks. They will be paid March 1 to stockholders of record on Feb. 4.
 American Water Works Company is the nation's largest investor-owned water utility business. Its 25 water utility subsidiaries serve 5.4 million people in more than 600 communities in 21 states.
 -0- 1/6/94
 /CONTACT: George W. Johnstone, president and chief executive officer of American Water Works, 609-346-8200/
 (AWK)


CO: American Water Works Company ST: New Jersey IN: UTI SU: DIV

MP-CK -- NY072 -- 9806 01/06/94 13:45 EST
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Publication:PR Newswire
Date:Jan 6, 1994
Words:204
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