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

American States Water Company (NYSE:AWR) announced a quarterly dividend on Tuesday, February 10th. Shareholders of record on Monday, February 23rd will be paid a dividend of 0.504 per share by the utilities provider on Thursday, March 5th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, February 23rd.

American States Water has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 71 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 $3.53 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 56.9%.

American States Water Trading Down 1.2%

NYSE:AWR opened at $70.87 on Thursday. American States Water has a 52 week low of $69.45 and a 52 week high of $82.94. The firm has a 50-day moving average price of $73.10 and a two-hundred day moving average price of $73.57. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.18 and a current ratio of 1.27. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 3.65 and a beta of 0.69.

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.