American Water Works Company, Inc. (NYSE:AWK) is highlighted as a strong candidate for a retirement stock portfolio due to its defensive qualities and stable earnings, even during market corrections. It was recently added to CNBC’s ‘All-Weather Stock List’ and gained over 10% during a tariff-related market correction, thanks to its entirely domestic revenue stream. The company is a robust dividend stock, having increased its payouts for 17 consecutive years, with a current yield of 2.34%. As the largest regulated provider of water and wastewater services in the US, AWK serves over 14 million people across 14 states and 18 military bases.
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Key takeaways:
American Water Works Company, Inc. (NYSE:AWK) is considered a strong addition to a retirement stock portfolio due to its defensive qualities and stable earnings.
The company was recently added to CNBC’s ‘All-Weather Stock List’ and performed well during the tariff-related market correction, gaining over 10%.
AWK is a strong dividend stock, having raised its payouts for 17 consecutive years, with a current dividend yield of 2.34%.
As the largest regulated provider of water and wastewater services in the US, AWK serves over 14 million people across 14 states and 18 military bases.
