American States Water Company Announces Regular Common Dividends
01 November 2023 - 10:45PM
Business Wire
On October 30, 2023, the Board of Directors of American States
Water Company (NYSE:AWR) approved a quarterly dividend of $0.43 per
share on the Common Shares of the company. This action marks the
350th consecutive dividend payment by the company. For 69
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’s quarterly
dividend rate has grown at a compound annual growth rate of 9.4%
over the last five years.
Dividends on the Common Shares will be payable on December 1,
2023 to shareholders of record at the close of business on November
15, 2023.
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
264,000 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 12 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. The company has
achieved an 8.1% compound annual growth rate in its calendar year
dividend payments from 2013 – 2023.
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Eva G. Tang Senior Vice President - Finance, Chief Financial
Officer, Corporate Secretary and Treasurer (909) 394-3600,
extension 707
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