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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 February 1, 2022, American States Water Company (NYSE:AWR) announced a quarterly dividend of $0.365 per share, marking its 343rd consecutive payment. The company has increased its dividend for 67 years, showcasing a commitment to shareholder returns. The current policy aims for a long-term compound annual growth rate of over 7% in dividends, with an impressive nearly 10% growth from 2011 to 2021. Dividends are payable on March 1, 2022, to shareholders of record by February 15, 2022.
67 years of annual dividend increases signify strong financial health.
A long-term dividend growth policy aiming for over 7% CAGR reflects confidence.
Nearly 10% compound annual growth rate in dividends from 2011-2021 indicates robust performance.
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SAN DIMAS, Calif.--(BUSINESS WIRE)--
On February 1, 2022, the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.365 per share on the Common Shares of the company. This action marks the 343rd consecutive dividend payment by the company. For 67 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’s current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term. The company has achieved nearly a 10% compound annual growth rate in its calendar year dividend payments from 2011–2021.
Dividends on the Common Shares will be payable on March 1, 2022 to shareholders of record at the close of business on February 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 262,800 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, 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.
