■ Increase · July 29, 2026
American States Water Company Boosts Quarterly Dividend by 8.2%
American States Water Company (NYSE:AWR) increased its quarterly dividend to $0.5455 per share, marking the 361st consecutive payment and 72nd consecutive annual increase.
Dividend Increase Details
On July 28, 2026, the Board of Directors of American States Water Company (NYSE:AWR) approved an 8.2% increase in the quarterly cash dividend to $0.5455 per share, up from $0.5040 per share. The new annualized dividend rate is $2.182 per share. The dividend is payable on September 2, 2026, to shareholders of record as of August 17, 2026.
Dividend Growth History
This increase represents the 361st consecutive dividend payment by the company. American States Water Company has paid dividends every year since 1931 and has increased dividends each calendar year for 72 consecutive years, a record that places it among a select group of New York Stock Exchange-listed companies. Over the last five years (since the third quarter of 2021), the quarterly dividend rate has grown at a compound annual growth rate (CAGR) of 8.4%. The company is on track to achieve a 10-year CAGR of 8.7% in calendar year dividend payments through 2026. The company's long-term policy targets a dividend CAGR exceeding 7%.
Management Commentary
Robert J. Sprowls, President and CEO, stated: “Our board of directors once again approved a significant increase in the dividend reflecting its continued confidence in the company’s ability to achieve long-term sustainable earnings growth and its desire to be a leader in the industry for dividend growth. A growing dividend allows the company to attract capital for investments in infrastructure that enable us to provide safe and reliable services to our customers.”
What it means for income investors
American States Water Company continues its long-standing tradition of dividend growth, with a 72-year streak of annual increases. The 8.2% increase and the company's policy of targeting over 7% CAGR in dividends suggest a commitment to returning value to shareholders, supported by regulated utility operations that provide stable cash flows.
Reporting based on: Business Wire. Figures verified against market data where available.