American States Water Company Announces Regular Common Dividends

Rhea-AI Summary

On February 2, 2021, the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.335 per share, marking the 339th consecutive dividend payment. The company has increased its dividend every year for 66 years, demonstrating strong commitment to shareholders. AWR aims for a compound annual growth rate of over 7% for dividends and achieved a 9.4% growth rate from 2010 to 2020. Dividends will be payable on March 2, 2021, to shareholders of record by February 16, 2021.

Positive

• Approved quarterly dividend of $0.335 per share.
• 339th consecutive dividend payment.
• 66 consecutive years of dividend increases.
• 9.4% compound annual growth rate in dividends from 2010 to 2020.
• Long-term goal of over 7% compound annual growth rate for dividends.

Negative

• None.

On February 2, 2021, the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.335 per share on the Common Shares of the company. This action marks the 339^th consecutive dividend payment by the company. For 66 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 a 9.4% compound annual growth rate in its annual dividend payment from 2010–2020.

Dividends on the Common Shares will be payable on March 2, 2021 to shareholders of record at the close of business on February 16, 2021.

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 261,500 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 24,500 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210204005325/en/

FAQ

What is the dividend amount for AWR in 2021?

The approved dividend amount for AWR in 2021 is $0.335 per share.

When will the AWR dividend be paid?

The AWR dividend will be paid on March 2, 2021.

What is the record date for the AWR dividend?

The record date for the AWR dividend is February 16, 2021.

How long has AWR been paying dividends?

AWR has been paying dividends since 1931.

What is AWR's dividend growth rate target?

AWR aims for a long-term compound annual growth rate of over 7% for its dividends.