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American States Water Company Announces Regular Common Dividends

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On November 1, 2022, American States Water Company (NYSE:AWR) announced a quarterly dividend of $0.3975 per share, marking the 346th consecutive dividend payment. The company has increased its annual dividend for 68 years, boasting a 9.2% compound annual growth rate in dividends from 2012 to 2022. The current dividend policy aims for over 7% growth long-term. Dividends will be payable on December 1, 2022, to shareholders on record as of November 15, 2022.

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  • 346 consecutive dividend payments.
  • 68 years of annual dividend increases.
  • 9.2% compound annual growth rate in dividends (2012-2022).
  • Targeted long-term growth rate of over 7% for dividends.
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  • None.

SAN DIMAS, Calif.--(BUSINESS WIRE)-- On November 1, 2022, the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.3975 per share on the Common Shares of the company. This action marks the 346th consecutive dividend payment by the company. For 68 consecutive years, American States Water Company shareholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company has achieved a 9.2% compound annual growth rate in its calendar year dividend payments for 2012 – 2022. The company’s current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term.

Dividends on the Common Shares will be payable on December 1, 2022 to shareholders of record at the close of business on November 15, 2022.

About American States Water Company

American States Water Company is the parent of Golden State Water Company, Bear Valley Electric Service, Inc. and American States Utility Services, Inc., serving over one million people in nine states. Through its water utility subsidiary, Golden State Water Company, the company provides water service to approximately 263,000 customer connections located within more than 80 communities in Northern, Coastal and Southern California. Through its electric utility subsidiary, Bear Valley Electric Service, Inc., the company distributes electricity to approximately 24,700 customer connections in the City of Big Bear Lake and surrounding areas in San Bernardino County, California. Through its contracted services subsidiary, American States Utility Services, Inc., the company provides operations, maintenance and construction management services for water distribution and wastewater collection and treatment facilities located on eleven military bases throughout the country under 50-year privatization contracts with the U.S. government.

American States Water Company has paid dividends to shareholders every year since 1931, increasing the dividends received by shareholders each calendar year since 1954.

Eva G. Tang

Senior Vice President - Finance, Chief Financial

Officer, Corporate Secretary and Treasurer

(909) 394-3600, extension 707

Source: American States Water Company

FAQ

What is the dividend amount announced by AWR in November 2022?

American States Water Company announced a quarterly dividend of $0.3975 per share.

When will the dividend be paid to AWR shareholders?

The dividend will be paid on December 1, 2022.

What is the record date for the AWR dividend payment?

The record date for the dividend payment is November 15, 2022.

How long has AWR been increasing its dividends?

AWR has increased its annual dividends for 68 consecutive years.

What is the compound annual growth rate of AWR's dividends from 2012 to 2022?

The compound annual growth rate of AWR's dividends from 2012 to 2022 is 9.2%.

American States Water Company

NYSE:AWR

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3.00B
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Utilities - Regulated Water
Water Supply
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United States of America
SAN DIMAS