American States Water Company (NYSE:AWR) Declares $0.50 Quarterly Dividend

Key Points

• $0.504 quarterly dividend declared, payable June 2 to shareholders of record May 18 (ex-dividend May 18), equivalent to an annualized $2.01 and a yield of about 2.6%, and the company has raised its dividend annually for 71 consecutive years.
• The dividend is reasonably covered with a current payout ratio of 57.8% and analysts expect $3.82 EPS next year (implying a ~52.6% future payout); AWR recently beat quarterly EPS estimates ($0.74 vs. $0.68) and trades near $76 with a market cap of about $3.0B and a P/E of ~22.6.

American States Water Company (NYSE:AWR - Get Free Report) announced a quarterly dividend on Monday, May 4th. Shareholders 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) dividend on an annualized basis and a yield of 2.6%. 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%per year over the last three years and has increased its dividend annually for the last 71 consecutive years. American States Water has a 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 Price Performance

NYSE:AWR traded up $0.16 during trading hours on Tuesday, reaching $76.23. 190,284 shares of the company traded hands, compared to its average volume of 291,333. The firm's 50-day moving average is $75.80 and its 200-day moving average is $74.38. The stock has a market cap of $2.99 billion, a P/E ratio of 22.62, a P/E/G ratio of 2.93 and a beta of 0.60. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.32 and a quick ratio of 1.23. American States Water has a 1-year low of $69.45 and a 1-year high of $82.94.

American States Water (NYSE:AWR - Get Free Report) last announced its earnings results on Wednesday, February 18th. The utilities provider reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.06. The firm had revenue of $164.28 million for the quarter, compared to analysts' expectations of $168.82 million. American States Water had a return on equity of 13.10% and a net margin of 19.82%. 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.

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