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American States Water Company Announces Regular Common Dividends
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
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.
Positive
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.
Negative
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.