American States Water Company Announces Regular Common Dividends
May 02 2022 - 4:00AM
Business Wire
On April 28, 2022, the Board of Directors of American States
Water Company (NYSE:AWR) approved a quarterly dividend of $0.365
per share on the Common Shares of the company. This action marks
the 344th consecutive dividend payment by the company. For 67
consecutive years, American States Water Company shareholders have
received an increase in their calendar year dividend, 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. The company has achieved nearly
a 10% compound annual growth rate in its annual dividend payment
from 2011–2021.
Dividends on the Common Shares will be payable on June 1, 2022
to shareholders of record at the close of business on May 16,
2022.
About American States Water Company American States Water
Company is the parent of Golden State Water Company, Bear Valley
Electric Service, Inc. and American States Utility Services, Inc.,
serving over one million people in nine states. Through its water
utility subsidiary, Golden State Water Company, the company
provides water service to approximately 262,900 customer
connections located within more than 80 communities in Northern,
Coastal and Southern California. Through its electric utility
subsidiary, Bear Valley Electric Service, Inc., the company
distributes electricity to approximately 24,700 customer
connections in the City of Big Bear Lake and surrounding areas in
San Bernardino County, California. Through its contracted services
subsidiary, American States Utility Services, Inc., the company
provides operations, maintenance and construction management
services for water distribution and wastewater collection and
treatment facilities located on eleven military bases throughout
the country under 50-year privatization contracts with the U.S.
government.
American States Water Company has paid dividends to shareholders
every year since 1931, increasing the dividends received by
shareholders each calendar year since 1954.
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Eva G. Tang Senior Vice President - Finance, Chief Financial
Officer, Corporate Secretary and Treasurer (909) 394-3600,
extension 707
American States Water (NYSE:AWR)
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