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

American States Water Company (NYSE:AWR) announced a quarterly dividend on Monday, May 4th. Stockholders of record on Monday, May 18th will be given a dividend of 0.504 per share by the utilities provider on Tuesday, June 2nd. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, May 18th.

American States Water has increased its dividend by an average of 0.1%annually 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. 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

American States Water stock traded up $0.16 during trading hours on Tuesday, hitting $76.23. 190,284 shares of the stock were exchanged, compared to its average volume of 292,194. The business’s 50-day moving average is $75.80 and its two-hundred day moving average is $74.38. American States Water has a 12 month low of $69.45 and a 12 month high of $82.94. The stock has a market capitalization 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 quick ratio of 1.23 and a current ratio of 1.32.

American States Water (NYSE:AWR) last posted its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06. The company had revenue of $164.28 million for the quarter, compared to analyst estimates 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 EPS for the current fiscal 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.