American States Water Company Announces Financial Reporting Plans
In a recent announcement, American States Water Company (NYSE:AWR) shared its plans to release the financial results for the fourth quarter and full year ending December 31, 2024. This eagerly anticipated report will be made available after the market closes on a Wednesday in February.
Conference Call Details
The company has scheduled a conference call for Thursday, February 20, where Robert Sprowls, the president and chief executive officer, along with Eva Tang, the senior vice president and chief financial officer, will provide insights into the financial results. This call will commence at 2:00 p.m. Eastern Time, corresponding to 11:00 a.m. Pacific Time. This session will include a question and answer segment, allowing participants to engage directly with the executives and gain further understanding of the company’s performance and future directions.
Listening to the Call
For those interested in tuning in, the live conference call will be accessible online. Interested parties can visit the company’s website to join the call and view accompanying slides, providing a comprehensive overview of the results being discussed. Additionally, the call will be archived for replay, enabling any interested stakeholders to listen at their convenience, starting from later that same day.
About American States Water Company
American States Water Company operates as the parent entity for several subsidiaries, including Golden State Water Company and Bear Valley Electric Service, Inc. Collectively, these subsidiaries deliver essential services to over one million people across ten states in the United States. With its water utility arm, Golden State Water Company, the firm serves approximately 264,600 customer connections spread across more than 80 communities in California, significantly contributing to the state's infrastructure.
Electricity Distribution
In addition to its water services, American States Water Company also plays a vital role in electricity distribution through Bear Valley Electric Service, Inc., serving around 24,900 customer connections in the City of Big Bear Lake and nearby areas in San Bernardino County. This dual utility structure showcases the company’s commitment to not only providing water but also ensuring reliable electricity service.
Military Services
Moreover, the company’s contracted services subsidiary, American States Utility Services, Inc., specializes in operating and maintaining essential water distribution, wastewater collection, and treatment facilities at twelve military bases nationwide. The firm has established long-term contracts with the U.S. government, demonstrating its reliability and expertise in utility services.
Commitment to Dividend Growth
American States Water Company has a long-standing reputation for its commitment to shareholders, having distributed dividends consistently since 1931. The company has remarkably increased dividends every calendar year for an impressive 70 consecutive years, placing it in a select group of firms listed on the New York Stock Exchange known for their dividend growth stability.
Dividend Growth Metrics
As of late, the company’s quarterly dividend rate has shown robust growth, boasting a compound annual growth rate (CAGR) of 8.8% over the past five years, extending its track record of shareholder returns. Moreover, with a 10-year CAGR of 8.0% in dividend payments, American States Water Company is poised to achieve its policy goal of a long-term CAGR of over 7% in dividends.
Frequently Asked Questions
What financial results will American States Water Company announce?
The company will announce its fourth quarter and full year financial results for 2024.
When is the conference call scheduled?
The conference call is set for February 20, following the release of the financial results.
How can I listen to the conference call?
The call can be accessed via the company’s website, and it will also be available for replay after the live session.
What is American States Water Company's dividend growth history?
The company has increased its dividends every year since 1931, totaling 70 consecutive years of growth.
What is the significance of American States Water Company's subsidiaries?
The subsidiaries provide essential water and electricity services, impacting over one million residents across multiple states.
