Welcome to our dedicated page for Amer States Wtr news (Ticker: AWR), a resource for investors and traders seeking the latest updates and insights on Amer States Wtr stock.
American States Water Company reports utility and contracted-services developments for a California-based water and utilities holding company. Its recurring news covers Golden State Water Company water operations regulated by the California Public Utilities Commission, Bear Valley Electric Service electric operations, and American States Utility Services contracts for water services at U.S. military installations.
Company updates commonly address quarterly earnings, customer rate decisions, cost-of-capital matters, capital investment programs, construction activity in the contracted-services business, and regular common-share dividends. Water services to residential and commercial customers are the company’s largest revenue source.
On February 2, 2021, the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.335 per share, marking the 339th consecutive dividend payment. The company has increased its dividend every year for 66 years, demonstrating strong commitment to shareholders. AWR aims for a compound annual growth rate of over 7% for dividends and achieved a 9.4% growth rate from 2010 to 2020. Dividends will be payable on March 2, 2021, to shareholders of record by February 16, 2021.
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American States Water Company (NYSE:AWR) reported earnings per share of $0.72 for Q3 2020, down from $0.76 in Q3 2019. Adjusted for a retroactive impact, earnings rose by 4.3%. The water segment earnings per share increased by $0.04 to $0.57, while the electric segment saw a decrease to $0.04 from $0.10 per share. For 2020 year-to-date, earnings decreased slightly to $1.79 from $1.83 per share. AWR announced a Q4 dividend of $0.335 per share, marking a 9.8% increase. The company faces challenges including increased operating expenses and construction delays attributed to COVID-19.
On October 27, 2020, American States Water Company (NYSE:AWR) announced a quarterly dividend of $0.335 per share, marking its 338th consecutive payment. The company has increased dividends annually for 66 years, showcasing its stability and commitment to shareholders. The recent dividend payments reflect a 9.4% compound annual growth rate from 2010–2020, with increases of 9.8% in 2020, 10.9% in 2019, and 7.8% in 2018. The dividend will be payable on December 1, 2020, to record shareholders by November 16, 2020.
American States Water Company (NYSE:AWR) will release its third quarter financial results for the period ending September 30, 2020, after the market closes on November 2, 2020. A conference call will be held on November 3 at 2:00 p.m. ET (11:00 a.m. PT) to discuss these results, featuring CEO Robert Sprowls and CFO Eva Tang. Participants can join the call online at www.aswater.com, with recordings available from November 3 at 5:00 p.m. ET through November 10.
American States Water Company has a strong history of consecutive dividend payments since 1931.