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American Water Works Company, Inc. Message Board

  • hechristie hechristie Apr 16, 1998 3:23 PM Flag

    drip change

    So, is it the announcement that's causing the drop or is it just because the market is having a gbad day? Regardless, I'll certainly continue with my drip plan.

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    • My AWK is held in a SmithBarney IRA account. I
      elected an automatic dividend reinvestment plan on all
      stocks that I have in this IRA. SB provides this at no
      cost. In the past I've encouraged others to join this
      DRIP program offfered by AWK and I know of at least
      one other that has done so. Wonder if I'm getting the
      2% discount? DRIPs and compounding....ISN'T IT
      GREAT!!!!!!!!!!!!!!

    • Drop in price likely due to overall market decline. I don't know
      how many DRIP investors there are, but the decrease from 5 to 2%
      of the stock price can only help AWK's bottom line - its probably
      negligible but nonetheless good for the Co. in reducing expenses.
      Not many companies offering DRIPs offered a discount to begin with. I agree with you - I like AWK and will continue to increase
      my position by purchasing more shares.

 
AWK
74.98-1.25(-1.64%)Sep 29 4:02 PMEDT