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The Dividend Kings outperformed SPY year-to-date, up 2.06% versus SPY's 3.06% loss, despite a March pullback. Seventeen Dividend Kings have double-digit gains in 2026, with Gorman-Rupp and Archer-Daniel-Midland leading at 25.05% and 23.19%. Twenty-nine Dividend Kings appear undervalued with long-term annualized expected returns of at least 10%, based on Dividend Yield Theory.

Investors with an interest in Waste Removal Services stocks have likely encountered both H20 (HTO) and Republic Services (RSG). But which of these two stocks is more attractive to value investors?

H2O America remains a Buy, supported by its 58-year dividend growth streak and robust fundamentals. HTO increased its five-year capex plan to $2.7 billion, targeting 6–8% annual adjusted EPS growth through 2030. The Quadvest acquisition is near-term dilutive but expected to be accretive by 2028, with integration and rate base expansion as key drivers.

SYDNEY& LONDON--(BUSINESS WIRE)---- $HTO #ATLASInfrastructure--ATLAS Infrastructure (“ATLAS”) is a specialist Global Listed Infrastructure investor managing funds on behalf of long-term infrastructure clients. Following the recent equity placement, ATLAS's actively managed accounts hold ~10.8% voting and economic interest in H2O America (“H2O”). ATLAS was pleased to support H2Os long‑term strategy to invest in local water and wastewater utility operations through our participation in the recent equity raise. ATLAS recognise.

H2O America continues to prioritize topline growth and dividend hikes, but persistent equity dilution and high leverage undermine per-share value creation. HTO's recent $610 million equity issuance, partly funding the Quadvest acquisition, increases pro forma share count by 32% and leaves leverage at an elevated 5.4x EBITDA. Despite 58 consecutive years of dividend increases and a 3% yield, free cash flow remains weak due to outsized capital expenditures and substantial dividend payouts.

SAN JOSE, Calif., March 03, 2026 (GLOBE NEWSWIRE) -- H2O America (NASDAQ: HTO) (“HTO” or the “Company”) announced today that it has priced its previously announced underwritten public offering of 11,484,824 shares of its common stock, par value $0.001 per share, at a public offering price of $53.00 per share (the “Offering”).

Dividend yields matter, but they're not the only important dividend stock criteria. Consistent dividend income often comes from companies selling goods that consumers purchase over and over again.