5.6732
Shares Owned
$697.99
Cost Basis
-$21.91 (-3.14%)
Total Gain/Loss
$4.29
Earned Dividends
Company Overview
American Water is an American public utility company operating in the United States and Canada. It was founded in 1886 as the American Water Works & Guarantee Company. In 1947 it was reorganized as American Water Works Company, Inc. Most of American Water’s services are locally managed utility subsidiaries that are regulated by the U.S. state in which each operates. American Water also owns subsidiaries that manage municipal drinking water and wastewater systems under contract and others that supply businesses and residential communities with water management products and services. American Water Works Company provides services such as water line protection, sewer line protection, an in-home plumbing emergency program, electric line protection, heating system protection, cooling system protection, power surge protection, and water heater protection. With headquarters in Camden, New Jersey, American Water provides services to approximately 14 million people in 46 U.S. states. – Wikipedia
Why American Water?
American Water Works is a boring company, which is exactly why it is one of my favorites. This company sells a simple, yet essential need of society – Water.
While not glamorous, water will always be in demand. As a result, American Water is one of those “Essential Companies” that will always have a product they are able to sell no matter the economic climate. That is way it is a favorite, because there isn’t much to say about them. They have been in business for over 100+ years and I don’t see that changing any time soon.
Change Log
Dividend = $3.12
June 2, 2020
Dividend = $2.84
March 4, 2020
Invested = $339.59 ; Purchased = 2.77306 shares @ $122.46
January 2, 2020
Dividend = $1.45
December 4, 2019
Invested = $358.40 ; Purchased = 2.90014 shares @ $123.58
September 23, 2019
*New Position Started*