So people, discussion about this company. First of all, I am a shareholder. It's a regulated business and they have a monopoly status in quite a large area. This makes their profits pretty much certain and quite predictable. Obviously being a regulated business it also means that we won't be seeing highly growing profits, at least not from the current areas where they are operating. That is why I enjoy this company, though it's a regulated business they manage to increase profits by acquiring other companies working in the same field. I see this as a very stable long term investment. Slowly increasing profits and a slowly increasing dividend, this company will never be a rocket but it will provide relatively safe and constant growth.
I owned WTR for almost five years for the reasons you state. I got out because like you say, the company will never show a high growth rate. In stock that pays only 2.5%, I'd like to see more growth potential.
