American States Water Company Increases Quarterly Dividend $AWR

• American States Water (NYSE:AWR) declares $0.305/share quarterly dividend, 10.9% increase from prior dividend of $0.275.
• Forward yield 1.57%
• Payable September 3; for shareholders of record August 15; ex-div August 14.

On July 30, 2019, the Board of Directors of American States Water Company (NYSE:AWR) approved an increase in the company’s third quarter cash dividend from $0.275 per share to $0.305 per share on the common shares of the company. The annualized dividend rate after this increase is $1.22 per share, which represents a 10.9% increase from the current annualized dividend rate of $1.10 per share. This action marks the 333rd consecutive dividend payment by the company. American States Water Company has paid dividends every year since 1931, increasing the dividends received by shareholders each calendar year for 65 consecutive years, 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.

“This sizable dividend increase and our long-term dividend growth policy reflect our Board’s continued confidence in the sustainability and growth of the company’s earnings," said Robert J. Sprowls, President and CEO of American States Water Company. “A strong and increasing dividend allows the company to continue to attract capital to make necessary investments in the utility infrastructure for the communities and military bases that we serve.”

Dividends on the common shares will be payable on September 3, 2019 to shareholders of record at the close of business on August 15, 2019.

For more information, visit www.aswater.com

According to the list of U.S. Dividend Champions, American States Water is a Dividend Champions. AWR has a 64-year dividend raising streak.

Dividend Growth Rates
DGR	DGR	DGR	DGR
1-yr	3-yr	5-yr	10-yr
6.6	6.6	6.9	7.8

Dividend Yield Chart:

Dividend Yield %: Close to 10-year low

This is the historical trailing annual dividend yield of American States Water Co. Buying stocks at higher yield relative its historical values is usually more profitable.

Dividend Per Share History

This the dividend history of American States Water Co

Payout Ratio:

This is the historical payout ratio of American States Water Co. If payout ratio is close to or higher than 100%, dividends might not be sustainable.