American States Water Company Announces Regular Common Dividends

Rhea-AI Summary

American States Water Company (NYSE:AWR) has declared a quarterly dividend of $0.4655 per share, marking its 355th consecutive dividend payment. The dividend will be payable on March 3, 2025, to shareholders of record as of February 18, 2025.

The company has maintained an impressive dividend history, having paid dividends every year since 1931 and increasing them annually for 70 consecutive years. AWR has demonstrated strong dividend growth with a compound annual growth rate (CAGR) of 8.8% over the past five years through 2024 and an 8.0% CAGR over the past decade. The company's current policy aims to maintain a long-term dividend CAGR of more than 7%.

Positive

• Consistent 355th consecutive dividend payment
• 70-year track record of annual dividend increases
• Strong 5-year dividend CAGR of 8.8%
• Solid 10-year dividend CAGR of 8.0%
• Long-term dividend growth target above 7% CAGR

Negative

• None.

SAN DIMAS, Calif.--(BUSINESS WIRE)-- On February 4, 2025, the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.4655 per share on the Common Shares of the company. This action marks the 355^th consecutive dividend payment by the company. American States Water Company has paid dividends to shareholders every year since 1931, increasing the dividends received by shareholders each calendar year for 70 consecutive years, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company has grown its quarterly dividend rate at a compound annual growth rate (“CAGR”) of 8.8% over the last five years through 2024 and achieved a 10-year CAGR of 8.0% in its calendar year dividend payments through 2024. AWR's current policy is to achieve a CAGR in the dividend of more than 7% over the long-term.

Dividends on the Common Shares will be payable on March 3, 2025 to shareholders of record at the close of business on February 18, 2025.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can often be identified by words such as “anticipate,” “estimate,” “expect,” “intend,” “may,” “should” and similar phrases and expressions, and variations or negatives of these words. They are not guarantees or assurances of any outcomes, financial results, levels of activity, performance or achievements, and readers are cautioned not to place undue reliance upon them. The forward-looking statements are subject to a number of estimates and assumptions, and known and unknown risks, uncertainties and other factors, including those described in greater detail in the company’s filings with the SEC, particularly those described in the company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are encouraged to review the company’s filings with the SEC for a more complete discussion of risks and other factors that could affect any forward-looking statements. The statements made herein speak only as of the date of this press release and except as required by law, the company does not undertake any obligation to publicly update or revise any forward-looking statement.

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 ten states. Through its water utility subsidiary, Golden State Water Company, the company provides water service to approximately 264,600 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 24,900 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, wastewater collection, and treatment facilities located on twelve military bases throughout the country under 50-year privatization contracts with the U.S. government and one military base under a 15-year contract.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250206192132/en/

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 American States Water's latest quarterly dividend amount for 2025?

American States Water (AWR) declared a quarterly dividend of $0.4655 per share on February 4, 2025.

When is AWR's next dividend payment date in 2025?

AWR's dividend will be paid on March 3, 2025, to shareholders of record as of February 18, 2025.

What is AWR's dividend growth rate over the past 5 years?

AWR has grown its quarterly dividend at a compound annual growth rate (CAGR) of 8.8% over the five years through 2024.

How long has American States Water been paying dividends?

American States Water has been paying dividends to shareholders every year since 1931, with 355 consecutive dividend payments.

What is AWR's target dividend growth rate?

AWR's current policy is to achieve a compound annual growth rate (CAGR) in the dividend of more than 7% over the long-term.