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

Key Points

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American States Water Company (NYSE:AWR - Get Free Report) declared a quarterly dividend on Thursday, July 31st, RTT News reports. Stockholders of record on Friday, August 15th will be given a dividend of 0.504 per share by the utilities provider on Wednesday, September 3rd. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, August 15th. This is a 8.3% increase from American States Water's previous quarterly dividend of $0.47.

American States Water has a payout ratio of 53.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect American States Water to earn $3.53 per share next year, which means the company should continue to be able to cover its $1.86 annual dividend with an expected future payout ratio of 52.7%.

American States Water Price Performance

Shares of NYSE AWR traded up $0.72 during midday trading on Monday, hitting $75.46. The stock had a trading volume of 182,058 shares, compared to its average volume of 255,662. The company has a market capitalization of $2.91 billion, a PE ratio of 23.22, a P/E/G ratio of 4.02 and a beta of 0.62. The stock has a 50 day simple moving average of $76.72 and a 200-day simple moving average of $76.89. American States Water has a 1 year low of $70.29 and a 1 year high of $87.50. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 0.83.

American States Water (NYSE:AWR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. American States Water had a return on equity of 13.45% and a net margin of 20.22%. The firm had revenue of $148.01 million during the quarter, compared to analysts' expectations of $142.00 million. During the same quarter last year, the firm earned $0.62 earnings per share. The business's revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts expect that American States Water will post 3.34 EPS for the current fiscal year.

American States Water Company Profile

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.