American States Water (NYSE:AWR) to Issue $0.34 Quarterly Dividend

American States Water (NYSE:AWR) announced a quarterly dividend on Monday, May 3rd, RTT News reports. Shareholders of record on Monday, May 17th will be paid a dividend of 0.335 per share by the utilities provider on Wednesday, June 2nd. This represents a $1.34 dividend on an annualized basis and a yield of 1.69%.

American States Water has increased its dividend by 28.8% over the last three years and has raised its dividend annually for the last 10 consecutive years.

Shares of NYSE AWR opened at $79.19 on Monday. American States Water has a twelve month low of $69.25 and a twelve month high of $84.00. The firm has a fifty day simple moving average of $76.78 and a 200 day simple moving average of $77.18. The company has a market capitalization of $2.92 billion, a PE ratio of 35.35, a P/E/G ratio of 6.96 and a beta of -0.07. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.84.

American States Water (NYSE:AWR) last announced its earnings results on Sunday, February 21st. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.07. American States Water had a net margin of 17.38% and a return on equity of 13.49%. The business had revenue of $124.20 million during the quarter, compared to the consensus estimate of $110.50 million. During the same quarter last year, the firm earned $0.45 earnings per share. American States Water’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, equities analysts expect that American States Water will post 2.27 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised shares of American States Water from a “sell” rating to a “hold” rating and set a $78.00 price target for the company in a research note on Friday, February 26th.

An institutional investor recently bought a new position in American States Water stock. OLD Mission Capital LLC acquired a new stake in shares of American States Water (NYSE:AWR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,946 shares of the utilities provider’s stock, valued at approximately $596,000. 69.39% of the stock is owned by hedge funds and other institutional investors.

American States Water Company Profile

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.

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Dividend History for American States Water (NYSE:AWR)

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