American States Water Company Announces Regular Common Dividends

Rhea-AI Summary

On April 28, 2022, American States Water Company (NYSE:AWR) announced a quarterly dividend of $0.365 per share, marking its 344th consecutive dividend payment. The company has increased its dividend for 67 consecutive years, showcasing a strong commitment to shareholder returns. Its long-term policy aims for a compound annual growth rate of over 7%, with nearly 10% growth from 2011-2021. Dividends will be paid on June 1, 2022 to shareholders of record by May 16, 2022.

Positive

• 344th consecutive dividend payment reflects stable cash flow.
• 67 years of consecutive dividend increases demonstrate strong shareholder commitment.
• Aiming for a long-term dividend growth rate of over 7% shows confidence in business growth.

Negative

• None.

SAN DIMAS, Calif.--(BUSINESS WIRE)-- On April 28, 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 344^th 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 annual dividend payment from 2011–2021.

Dividends on the Common Shares will be payable on June 1, 2022 to shareholders of record at the close of business on May 16, 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 262,900 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220502005238/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 the dividend amount for American States Water Company (AWR)?

The dividend amount is $0.365 per share.

When is the dividend payment date for AWR?

The dividend will be payable on June 1, 2022.

What is the history of dividend payments for AWR?

American States Water Company has paid dividends every year since 1931, increasing them annually since 1954.

How long has AWR been increasing its dividends?

AWR has increased its dividends for 67 consecutive years.

What is AWR's target for long-term dividend growth?

The company targets a compound annual growth rate of over 7%.