Welcome to our dedicated page for American States Water Company news (Ticker: AWR), a resource for investors and traders seeking the latest updates and insights on American States Water Company stock.
American States Water Company (AWR) is a distinguished utility services provider based in California. As the parent company of both Golden State Water Company (GSWC) and American States Utility Services, Inc. (ASUS), AWR plays a pivotal role in delivering essential utilities to communities across the state and beyond. GSWC offers water services to approximately 258,000 customers spread over 75 communities in 10 counties across Northern, Coastal, and Southern California. Additionally, Bear Valley Electric Services (BVES), a division of GSWC, supplies electricity to around 24,000 customers in the Big Bear area of San Bernardino County.
Through American States Utility Services, Inc. (ASUS), AWR extends its expertise to water and wastewater system management on military bases across the United States. These services are rendered under long-term 50-year privatization contracts with the U.S. government, emphasizing the company's dedication to reliable and sustainable utility management.
Founded with a commitment to reliability, AWR has consistently paid dividends to shareholders annually since 1931, showcasing a robust financial foundation. The company's operations are organized into three main segments: water, electric, and contracted services. The majority of revenue is generated from water services provided to both commercial and residential customers.
Golden State Water operates under the regulation of the California Public Utilities Commission, ensuring compliance and quality in their service delivery. Meanwhile, American States Utility Services continues to fulfill its contracts with the U.S. government, providing essential services to various military installations.
For investors and stakeholders looking for the latest updates and relevant information on AWR’s performance, current projects, and financial health, this page serves as a comprehensive resource. Stay informed with the latest news and developments about American States Water Company.
American States Water Company (AWR) reported Q2 2021 earnings per share (EPS) of $0.72, up from $0.69 in Q2 2020. This included $1.6 million in investment gains. Adjusted EPS increased by 7.8% year-over-year, mainly from a $3.2 million rise in water gross margin due to new rates from the CPUC. Year-to-date, EPS reached $1.24, a 15.9% rise compared to $1.07 in 2020. AWR announced a 9% dividend increase, marking its 67th consecutive year of rising dividends. The company aims for over a 7% long-term dividend growth rate.
American States Water Company (NYSE:AWR) announced a dividend increase from $0.335 to $0.365 per share, effective September 1, 2021, marking a 9% rise in the annualized dividend rate to $1.46. This is the 341st consecutive dividend payment, reflecting a consistent 67-year record of annual increases. The company aims for a compound annual growth rate of over 7% in dividends, having achieved nearly 10% from 2011 to 2021. The Board's decision reinforces their commitment to sustainable earnings and shareholder returns.
American States Water Company (NYSE:AWR) will release its second quarter financial results for the period ending June 30, 2021, on August 2, 2021, after market close. A conference call to discuss these results will be held on August 3, 2021, at 2:00 p.m. Eastern Time. The call will include a question and answer session. Interested listeners can access the live call and slides at www.aswater.com. The archived version will be available from August 3 at 5:00 p.m. Eastern Time until August 10, 2021.
American States Water Company (NYSE:AWR) reported a 36.8% increase in earnings per share (EPS), reaching $0.52 for Q1 2021, compared to $0.38 in Q1 2020. This improvement was driven by a $2.5 million increase in water gross margin due to new rates from the California Public Utilities Commission. The electric segment saw a marginal increase of $0.01 per share, while the contracted services segment increased by $0.04 per share. AWR's Board approved a $0.335 dividend per share for Q2 2021, reflecting its long-standing commitment to dividend growth.
On April 30, 2021, the Board of Directors of American States Water Company (NYSE: AWR) announced a quarterly dividend of $0.335 per share, marking the 340th consecutive dividend payment. For 66 years, the company has increased its annual dividend, achieving a 9.4% CAGR from 2010 to 2020. The dividend will be payable on June 2, 2021, to shareholders of record by May 17, 2021. The company aims for a long-term annual growth rate in dividends exceeding 7%.
American States Water Company (NYSE:AWR) will release its first quarter financial results for the period ending March 31, 2021, after market close on May 3, 2021. A conference call to discuss the results will take place on May 4, 2021, at 2:00 p.m. Eastern Time, featuring CEO Robert Sprowls and CFO Eva Tang. The call will include a Q&A session and will be accessible via www.aswater.com. It will also be archived for replay starting May 4, 2021, at 5:00 p.m. Eastern Time.
American States Water Company has a long history of dividend payments, having increased dividends for 66 consecutive years.
American States Water Company (AWR) reported a fourth-quarter earnings per share of $0.55, up from $0.45 in Q4 2019. For the full year 2020, earnings were $2.34 per share, compared to $2.28 in 2019. The water segment contributed $0.32 per share, boosted by a $1.7 million gross margin increase due to new rates. The electric segment saw earnings rise to $0.07 per share, and contracted services remained steady at $0.47. AWR declared a quarterly dividend of $0.335 per share, marking over 81 consecutive years of dividends.
American States Water Company (NYSE:AWR) announced it will release its fourth quarter and year-end financial results on February 22, 2021, after market close. A conference call hosted by CEO Robert Sprowls and CFO Eva Tang will take place on February 23 at 2:00 p.m. ET. Participants can access the call online at www.aswater.com. The results will be available for replay starting February 23 at 5:00 p.m. ET. The company has consistently paid dividends since 1931, increasing them for 66 consecutive years, distinguishing it on the NYSE.
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.
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