American States Water Company (AWR) To Go Ex-Dividend on May 18th

American States Water Company (NYSE:AWR) announced a quarterly dividend on Monday, May 4th. Stockholders of record on Monday, May 18th will be paid a dividend of 0.504 per share by the utilities provider on Tuesday, June 2nd. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, May 18th.

American States Water has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 71 years. American States Water has a dividend payout ratio of 57.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect American States Water to earn $3.82 per share next year, which means the company should continue to be able to cover its $2.01 annual dividend with an expected future payout ratio of 52.6%.

American States Water Trading Down 2.2%

Shares of American States Water stock opened at $75.73 on Friday. American States Water has a 1 year low of $69.45 and a 1 year high of $81.24. The firm has a market cap of $2.97 billion, a PE ratio of 22.08, a P/E/G ratio of 3.01 and a beta of 0.60. The stock has a fifty day moving average price of $76.22 and a 200-day moving average price of $74.44. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.13.

American States Water (NYSE:AWR) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). American States Water had a net margin of 19.66% and a return on equity of 13.06%. The business had revenue of $169.19 million for the quarter, compared to analysts’ expectations of $157.02 million. During the same period in the prior year, the business earned $0.70 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. Equities research analysts anticipate that American States Water will post 3.71 EPS for the current year.

About American States Water

American States Water Company (NYSE: AWR), founded in 1929 and headquartered in San Dimas, California, is a publicly traded utility holding company. The company operates primarily through two regulated segments—water and electric utilities—and provides non-regulated water system services. Over its history, American States Water has expanded its footprint through strategic acquisitions and organic growth, positioning itself as a reliable provider of essential services in its core territories.

Within its regulated water utility segment, American States Water serves more than 250,000 residential, commercial and industrial customers across 35 communities in six counties of California.