American States Water Declares $0.5040 Quarterly Dividend, Marks 71st Consecutive Year of Increases
American States Water Co (NYSE: AWR), a California-based regulated water and electric utility, approved a first quarter dividend of $0.5040 per share. The company has now raised its dividend for 71 consecutive years.
American States Water Co (NYSE: AWR), a California-based regulated water and electric utility, declared a quarterly dividend of $0.5040 per share on February 10, 2026. The dividend will be paid on March 5, 2026 to shareholders of record as of February 23, 2026. Read more dividend announcements.
The declaration extends the company's dividend growth streak to 71 consecutive years, placing it among an exclusive group of companies on the New York Stock Exchange with such a record. American States Water has paid common dividends every year since 1931.
| Dividend Details | Information |
|---|---|
| Amount | $0.5040 per share |
| Record Date | February 23, 2026 |
| Payment Date | March 5, 2026 |
| Type | Quarterly |
Dividend Growth Profile
The quarterly dividend rate has grown at a compound annual growth rate of 8.5% over the last five years since the first quarter of 2021. The company has achieved a 10-year compound annual growth rate of 8.3% in calendar year dividend payments through 2025.
American States Water's stated policy targets a dividend compound annual growth rate of more than 7% over the long term.
2025 Financial Performance
The company reported consolidated diluted earnings of $3.37 per share for the year ended December 31, 2025, compared to $3.17 per share in 2024, an increase of $0.20 per share. Excluding a one-time tax benefit of $0.13 per share recorded in the fourth quarter of 2024, adjusted year-over-year earnings growth was $0.33 per share, or 10.9%.
The earnings increase was driven by new customer rates at the regulated utilities and higher earnings at the contracted services segment from increased management fee revenues and construction activities. Consolidated earnings were negatively impacted by approximately $0.10 per share from dilution related to continued equity issuance under the company's at-the-market offering program.