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I screened the water utilities industry by stocks with a dividend yield of more than 3 percent as well as a beta ratio of less than 0.5. In addition, the market capitalization should be over $500 million. The last criterion is a very strict one because the industry has only 11 listed stocks. The average market capitalization of a water utility is just $1 billion.
Here are the 3 most promising stocks:
1. American Water Works (AWK) has a market capitalization of $5.2 billion, generates revenues in an amount of $2.7 billion and a net income of $279.6 million. It follows P/E ratio is 18.6 and forward price to earnings ratio 16.2, Price/Sales 1.9 and Price/Book ratio 1.3. Dividend Yield: 3.1 percent. Years of Consecutive Dividend Increasing: 2 Years. 5-Year Dividend Growth: 0 percent. The company paid dividends since 2008. The beta ratio amounts to 0.36.
2. Aqua America (WTR) has a market capitalization of $3.0 billion, generates revenues in an amount of $746.7 million and a net income of $140.6 million. It follows P/E ratio is 21.4 and forward price to earnings ratio 20.2, Price/Sales 4.0 and Price/Book ratio 2.5. Dividend Yield: 3.0 percent. Years of Consecutive Dividend Increasing: 19 Years. 5-Year Dividend Growth: 7.3 percent. The company paid dividends since 1939. The beta ratio amounts to 0.22.
3. California Water Service Group (CWT) has a market capitalization of $763.6 million, generates revenues in an amount of $481.4 million and a net income of $40.2 million. It follows P/E ratio is 19.1 and forward price to earnings ratio 12.7, Price/Sales 1.6 and Price/Book ratio 1.7. Dividend Yield: 3.4 percent. Years of Consecutive Dividend Increasing: 43 Years. 5-Year Dividend Growth: 0.9 percent. The company paid dividends since 1990. The beta ratio amounts to 0.29.
Take a closer look at the full table of 11 best yielding water utilities. The average P/E ratio amounts to 20.7 while the average forward P/E ratio is 17.4. The dividend yield has an average value of 3.4 percent. Price to book ratio is 1.8 and price to sales ratio 2.7.
About the author:
I am a private full time investor searching for investments and investment ideas. Visit Dividend 's Website
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