The board of directors of Essential Utilities Inc. declared a quarterly cash dividend of $0.2870 per share, payable September 1, 2022 to all shareholders of record on August 12, 2022. The September 2022 dividend will represent a 7% increase compared to the $0.2682 cash dividend the company paid in June of this year. Following the increase, the annualized dividend rate will be $1.1480 per share.

The company's targeted dividend payout ratio continues to be 60 to 65% of net income.