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

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) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, February 23rd.

American States Water has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 71 consecutive years. American States Water has a dividend payout ratio of 57.8% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

NYSE:AWR opened at $70.87 on Thursday. The company has a 50-day moving average of $73.10 and a 200-day moving average of $73.57. 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. The company has a current ratio of 1.27, a quick ratio of 1.18 and a debt-to-equity ratio of 0.90. American States Water has a twelve month low of $69.45 and a twelve month high of $82.94.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of American States Water during the 2nd quarter worth about $37,846,000. Principal Financial Group Inc. increased its stake in American States Water by 55.9% during the third quarter. Principal Financial Group Inc. now owns 720,766 shares of the utilities provider’s stock valued at $52,847,000 after acquiring an additional 258,388 shares during the period. Pictet Asset Management Holding SA raised its holdings in American States Water by 28.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 738,039 shares of the utilities provider’s stock valued at $53,495,000 after acquiring an additional 164,559 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of American States Water by 512.8% in the 3rd quarter. Franklin Resources Inc. now owns 187,949 shares of the utilities provider’s stock worth $13,780,000 after acquiring an additional 157,276 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of American States Water by 632.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,931 shares of the utilities provider’s stock worth $11,157,000 after purchasing an additional 132,929 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

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.