American States Water Company (AWR) To Go Ex-Dividend on August 17th

American States Water Company (NYSE:AWR) announced a quarterly dividend on Tuesday, July 28th. Investors 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) annualized dividend and a dividend 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 raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 71 consecutive years. American States Water has a dividend payout ratio of 62.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect American States Water to earn $3.80 per share next year, which means the company should continue to be able to cover its $2.18 annual dividend with an expected future payout ratio of 57.4%.

American States Water Stock Performance

Shares of AWR opened at $89.04 on Friday. The firm has a market capitalization of $3.53 billion, a P/E ratio of 24.40, a PEG ratio of 3.35 and a beta of 0.57. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 0.90. American States Water has a one year low of $69.45 and a one year high of $90.11. The business has a fifty day moving average of $83.60 and a 200 day moving average of $78.25.

American States Water (NYSE:AWR) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.16. The company had revenue of $181.29 million for the quarter, compared to the consensus estimate of $171.72 million. American States Water had a return on equity of 13.50% and a net margin of 20.52%.American States Water’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 earnings per share. As a group, sell-side analysts anticipate that American States Water will post 3.68 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.