American States Water Company (NYSE:AWR) Plans Dividend Increase – $0.55 Per Share

American States Water Company (NYSE:AWR) declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.5455 per share by the utilities provider on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, August 17th. This is a 8.2% increase from American States Water’s previous quarterly dividend of $0.50.

American States Water has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 71 years. American States Water has a dividend payout ratio of 57.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 0.4%

AWR stock traded down $0.38 during midday trading on Wednesday, hitting $87.68. The company had a trading volume of 303,867 shares, compared to its average volume of 310,742. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.86. American States Water has a 52 week low of $69.45 and a 52 week high of $90.11. The stock’s 50 day moving average price is $81.01 and its 200 day moving average price is $77.16. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 3.35 and a beta of 0.59.

American States Water (NYSE:AWR) last issued 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 return on equity of 13.06% and a net margin of 19.66%.The firm had revenue of $169.19 million during the quarter, compared to the consensus estimate of $157.02 million. During the same quarter in the prior year, the business posted $0.70 EPS. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities research analysts expect that American States Water will post 3.71 earnings per share for the current fiscal year.

American States Water Company Profile

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.