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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.
American States Water Company (NYSE:AWR) plans to release its fourth quarter and year-end financial results for 2021 after market close on February 22, 2022. A conference call will be held by CEO Robert Sprowls and CFO Eva Tang on February 23, 2022, at 2:00 PM ET to discuss the results, featuring a Q&A session. The call will be accessible online at www.aswater.com and archived for replay from February 23 at 5:00 PM ET until March 2, 2022. AWR has a history of paying increasing dividends for 67 consecutive years, serving over one million customers across nine states.
On February 1, 2022, American States Water Company (NYSE:AWR) announced a quarterly dividend of $0.365 per share, marking its 343rd consecutive payment. The company has increased its dividend for 67 years, showcasing a commitment to shareholder returns. The current policy aims for a long-term compound annual growth rate of over 7% in dividends, with an impressive nearly 10% growth from 2011 to 2021. Dividends are payable on March 1, 2022, to shareholders of record by February 15, 2022.
American States Water Company (NYSE:AWR) announced a joint settlement motion with the Public Advocates Office regarding its water utility general rate case. Filed on November 23, 2021, this agreement relates to rates for 2022-2024. The settlement could allow GSWC to invest approximately $416.6 million in infrastructure, leading to an annual revenue increase of $20.6 million for 2022. Additional revenue increases of about $13 million are possible for 2023 and 2024, subject to inflation indices. Three issues remain unresolved, including requests for balancing accounts.
American States Water Company (NYSE:AWR) reported a 5.6% increase in third-quarter diluted EPS to $0.76, compared to $0.72 in 2020. Adjusted EPS rose 8.6% year-over-year. Year-to-date, EPS increased 11.7% to $2.00. The water segment saw earnings rise to $0.62 per share due to higher operating revenues from revised rates, offset by increased operating expenses. The company declared a $0.365 dividend per share, continuing its streak of increased dividends for 67 years. A general rate case for 2022-2024 is pending approval.
On October 26, 2021, American States Water Company (NYSE:AWR) announced a quarterly dividend of $0.365 per share, marking its 342nd consecutive dividend payment. This achievement illustrates the company's commitment to shareholder returns, as it has increased its annual dividend for 67 consecutive years. The firm aims for a long-term compound annual growth rate of over 7% for dividends, achieving nearly 10% from 2011 to 2021. The dividend will be payable on December 1, 2021, to shareholders recorded by November 15, 2021.
American States Water Company (NYSE:AWR) is set to release its third quarter financial results for the period ending September 30, 2021, after market hours on November 1, 2021. A conference call led by CEO Robert Sprowls and CFO Eva Tang will take place on November 2, 2021, at 2:00 p.m. ET, including a Q&A session. The call can be accessed live via www.aswater.com and will be archived for later listening starting at 5:00 p.m. ET the same day, available until November 9, 2021.
American States Water Company (AWR) reported Q2 2021 earnings per share (EPS) of $0.72, up from $0.69 in Q2 2020. This included $1.6 million in investment gains. Adjusted EPS increased by 7.8% year-over-year, mainly from a $3.2 million rise in water gross margin due to new rates from the CPUC. Year-to-date, EPS reached $1.24, a 15.9% rise compared to $1.07 in 2020. AWR announced a 9% dividend increase, marking its 67th consecutive year of rising dividends. The company aims for over a 7% long-term dividend growth rate.
American States Water Company (NYSE:AWR) announced a dividend increase from $0.335 to $0.365 per share, effective September 1, 2021, marking a 9% rise in the annualized dividend rate to $1.46. This is the 341st consecutive dividend payment, reflecting a consistent 67-year record of annual increases. The company aims for a compound annual growth rate of over 7% in dividends, having achieved nearly 10% from 2011 to 2021. The Board's decision reinforces their commitment to sustainable earnings and shareholder returns.
American States Water Company (NYSE:AWR) will release its second quarter financial results for the period ending June 30, 2021, on August 2, 2021, after market close. A conference call to discuss these results will be held on August 3, 2021, at 2:00 p.m. Eastern Time. The call will include a question and answer session. Interested listeners can access the live call and slides at www.aswater.com. The archived version will be available from August 3 at 5:00 p.m. Eastern Time until August 10, 2021.
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