SAN DIMAS, Calif.--(BUSINESS WIRE)--Sep. 4, 2013--
American States Water Company (NYSE:AWR) reminded shareholders that a
14.1% increase in its third quarter cash dividend from $0.355 per share
to $0.405 per share and the two-for-one stock split became effective
yesterday, September 3, 2013. When the market opened this morning,
September 4, the Company’s common shares began trading on the New York
Stock Exchange (NYSE) at the new post split-adjusted price. As a result
of the stock split, the total number of common shares outstanding will
increase from approximately 19.3 million to approximately 38.6 million.
The increased dividend was applied to the shares prior to the stock
split. The annualized dividend rate after this increase is equivalent to
$1.62 per share, or $0.20 more than the prior annualized dividend rate
of $1.42 per share. The equivalent quarterly dividend rate after the
stock split would be $0.2025 per share on the increased number of shares
resulting from the stock split or $0.810 per share on an annualized
basis. The stock split was effective through a stock distribution of one
additional share for each share held through the distribution date,
September 3rd.
American States Water Company has paid dividends to shareholders every
year since 1931, increasing the dividends received by shareholders each
calendar year since 1954.
American States Water Company is the parent of Golden State Water
Company and American States Utility Services, Inc. Through its utility
subsidiary, Golden State Water Company, AWR provides water service to
approximately 256,000 customers throughout 10 counties in Northern,
Coastal and Southern California. The Company also distributes
electricity to over 23,000 customers in the Big Bear recreational area
of California. Through its contracted services subsidiary, American
States Utility Services, Inc., the Company provides operations,
maintenance and construction management services for water and
wastewater systems located on military bases throughout the country
under 50 year privatization contracts.
Source: American States Water Company
American States Water Company
Eva G. Tang
Senior Vice
President - Finance, Chief Financial
Officer, Corporate Secretary
and Treasurer
(909) 394-3600, extension 707