American States Water Company Declares Regular Dividend Payout
American States Water Company Declares Regular Dividend
American States Water Company (NYSE:AWR) has announced a quarterly dividend of $0.4655 per share, solidifying its commitment to delivering value to its shareholders. This exciting announcement comes from the company's Board of Directors and highlights a remarkable achievement: the 355th consecutive dividend payment!
Historic Dividend Payments
Since its establishment, American States Water Company has consistently paid dividends each year since 1931. This impressive track record of increasing annual dividends for an astounding 70 consecutive years places the company in an elite category on the New York Stock Exchange. It is one of the select few companies that can boast such a record, reflecting its solid financial health and commitment to shareholder returns.
Growth in Dividends
The company's ability to grow its dividend reflects adept financial management and a clear vision for the future. Over the past five years through 2024, American States Water has achieved a compound annual growth rate (CAGR) of 8.8% in its quarterly dividends. Even more impressive is the 10-year CAGR of 8.0% for its dividend payments through the same period. The company maintains a current policy targeting a long-term CAGR of more than 7%, indicating robust foresight in its financial strategies.
Upcoming Dividend Payment Details
Shareholders will be delighted to know that the dividends on the Common Shares will be payable on March 3, 2025. To qualify for this dividend payout, investors must be registered as of the close of business on February 18, 2025. It’s a great opportunity for shareholders to benefit from the ongoing success of American States Water Company.
Commitment to Excellence
With a focus on providing essential services, American States Water Company serves over one million customers across ten states through its subsidiaries. Golden State Water Company, for example, delivers water services to around 264,600 customer connections in more than 80 communities throughout Northern, Coastal, and Southern California. This extensive service network underscores the company's commitment to excellence and service reliability.
Energy Services
The company's electric utility subsidiary, Bear Valley Electric Service, Inc., distributes electricity to about 24,900 customer connections in the City of Big Bear Lake and surrounding areas. This subsidiary plays a vital role in ensuring that customers have consistent access to electricity in their daily lives.
Military Services
Additionally, through American States Utility Services, Inc., the company provides vital operations, maintenance, and construction management services at military bases across the country. With contracts spanning 50 years with the U.S. government at twelve military bases, as well as a 15-year contract for another base, they are committed to serving those who serve our nation.
Frequently Asked Questions
What is the declared dividend amount by American States Water Company?
The company has declared a quarterly dividend of $0.4655 per share.
How long has American States Water Company been paying dividends?
American States Water Company has paid dividends every year since 1931.
What is the company's target growth rate for dividends?
The company aims for a long-term compound annual growth rate of more than 7% for dividends.
Who qualifies for the upcoming dividend payment?
Shareholders who are registered by February 18, 2025, will qualify for the dividend payment on March 3, 2025.
What services does American States Water Company provide?
The company provides water and electricity services as well as maintenance services for military bases across the United States.
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