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  "documentTitle": "Essential Utilities, Inc. (WTRG)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2023-03-08 00:00:00",
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  "notes": "The slide presents an expert opinion to challenge the sustainability of the dividend.",
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      "text": "Spruce Point Question: “What’s your take on the dividend given all the capital requirements?”\n\nAnswer: “I’m personally not a fan. It would make it sense to go away, but a lot of shareholders are accustomed to dividends.”",
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      "text": "I’m personally not a fan. It would make it sense to go away, but a lot of shareholders are accustomed to dividends.",
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      "text": "As part of Spruce Point's research into WTRG, we interviewed a former executive familiar with its corporate development, M&A and financial strategies. We asked for an opinion on the dividend.",
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