American States Water Co (NYSE:AWR) declared a quarterly dividend on Wednesday, January 31st, RTT News reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.255 per share by the utilities provider on Thursday, March 1st. This represents a $1.02 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, February 14th.

American States Water has raised its dividend payment by an average of 6.2% annually over the last three years and has raised its dividend every year for the last 63 years. American States Water has a payout ratio of 59.3% meaning its dividend is sufficiently covered by earnings. Analysts expect American States Water to earn $1.78 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 57.3%.

American States Water (NYSE AWR) opened at $50.34 on Friday. American States Water has a 1-year low of $41.14 and a 1-year high of $60.00. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $1,916.85, a price-to-earnings ratio of 28.56, a P/E/G ratio of 7.33 and a beta of 0.39.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded American States Water from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Wednesday, January 3rd. Wells Fargo & Co cut American States Water from a “market perform” rating to an “underperform” rating and set a $48.00 price objective for the company. in a report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. American States Water presently has an average rating of “Hold” and an average target price of $50.67.

In related news, Director Lloyd E. Ross sold 1,100 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $55.79, for a total transaction of $61,369.00. Following the completion of the transaction, the director now owns 50,706 shares in the company, valued at approximately $2,828,887.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Diana M. Bonta sold 1,675 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $57.42, for a total value of $96,178.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,775 shares of company stock valued at $212,548. 1.49% of the stock is owned by company insiders.

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American States Water Company Profile

American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).

Dividend History for American States Water (NYSE:AWR)

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