SAN DIMAS, Calif.--(BUSINESS WIRE)--May 2, 2019--
On May 1, 2019, the Board of Directors of American States Water Company
(NYSE:AWR) approved a quarterly dividend of $0.275 per share on the
Common Shares of the company. This action marks the 332nd
consecutive dividend payment by the company. For 64 consecutive years,
American States Water Company has increased its calendar year dividend,
which places it in an exclusive group of companies on the New York Stock
Exchange that have achieved that result. The company’s current policy is
to achieve a compound annual growth rate in the dividend of more than 6%
over the long-term.
Dividends on the Common Shares will be payable on June 3, 2019 to
shareholders of record at the close of business on May 16, 2019.
About American States Water Company
American States Water Company is the parent of Golden State Water
Company and American States Utility Services, Inc., serving over one
million people in nine states. Through its utility subsidiary, Golden
State Water Company, the company provides water service to approximately
260,000 customer connections located within more than 80 communities in
Northern, Coastal and Southern California. The company also distributes
electricity to approximately 24,000 customer connections in the City of
Big Bear Lake and surrounding areas in San Bernardino County,
California. Through its contracted services subsidiary, American States
Utility Services, Inc., the company provides operations, maintenance and
construction management services for water distribution and wastewater
collection and treatment facilities located on military bases throughout
the country under 50-year privatization contracts with the U.S.
government.
American States Water Company has paid dividends to shareholders every
year since 1931, increasing the dividends received by shareholders each
calendar year since 1954.
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Source: American States Water Company
American States Water Company
Eva G. Tang
Senior Vice
President - Finance, Chief Financial Officer,
Treasurer and
Corporate Secretary
(909) 394-3600, extension 707