Wednesday, July 30st the Board of Directors of Essential Utilities, Inc. (WTRG) announced a quarterly dividend increase of from $0.3255 to $0.3426 per share, that’s payable September 2, 2025 to holders of record August 12, 2025. This represents a 5.25% increase over the last quarterly dividend.
Essential Utilities has paid consecutive quarterly cash dividends for 80 years and has increased the dividend 35 times in the last 34 years.
At the current price of $36.80 (yesterday's close), this increase will raise WTRG's dividend yield to 3.72%.
Essential Utilities is a Dividend Champions with a 32 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 6.5, 6.8, 6.9 and 7.2 (Dividend Champions.xls)
As an owner of 135 shares of WTRG, the recent dividend increase adds $6.88 to my projected annual net dividend income.
I had anticipated an increase of around 5%, so the announced raise was right in line with my expectations.
This marks the second dividend increase I’ve received from Essential Utilities since initiating my position in November 2023. Since then, the quarterly dividend has risen steadily from $0.3071 to $0.3426 per share—an overall increase of 11.6%.
As of this writing, WTRG represents approximately 0.60% of my portfolio by weight and contributes around 0.53% to my projected annual dividend income.
Following this increase, my yield on cost is 3.76%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long WTRG
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