American States Water Company Declares Quarterly Dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 11 2026
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Should l Buy AWR?
Source: Newsfilter
- Consecutive Dividend Record: On February 10, 2026, American States Water Company approved a quarterly dividend of $0.5040 per share, marking the 359th consecutive dividend payment, which underscores the company's stable financial performance and commitment to shareholders.
- Long-Term Growth Potential: The company has paid dividends every year since 1931, increasing them for 71 consecutive years, highlighting its unique position and strong profitability within the New York Stock Exchange.
- Dividend Growth Rate: Over the past five years, the company has achieved a compound annual growth rate (CAGR) of 8.5% in its quarterly dividends, with a 10-year CAGR of 8.3%, indicating a consistent pursuit of a long-term growth target exceeding 7% in its dividend policy.
- Dividend Payment Schedule: This dividend will be payable on March 5, 2026, to shareholders of record as of February 23, 2026, further enhancing investor confidence in the company's future earnings.
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Analyst Views on AWR
About AWR
American States Water Company is a holding company. The Company’s segments include water, electric and contracted services. Within the segments, The Company has three principal business units: water and electric service utility operations conducted through its regulated utilities, Golden State Water Company (GSWC) and Bear Valley Electric Service, Inc. (BVES), respectively, and contracted services conducted through American States Utility Services, Inc. (ASUS) and its subsidiaries. GSWC is a public water utility engaged in the purchase, production, distribution and sale of water in 10 counties in the state of California. BVES is a public electric utility that distributes electricity in several San Bernardino County Mountain communities in California. ASUS operates, maintains and performs construction activities (including renewal and replacement capital work) on water and/or wastewater systems at various United States military bases.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Historical Performance Advantage: The utilities sector has historically outperformed the S&P 500 by approximately 780 basis points during global conflicts and recessions, indicating its stability and risk mitigation capabilities during uncertain times, a trend expected to persist amid the current conflict in Iran.
- AI Demand Driving Growth: With a surge in data center construction, utility companies like American Water Works are poised to benefit as they provide essential water resources for AI facility operations, with the stock rising about 8% over the past month and a current dividend yield of 2.4%.
- Exelon's Growth Potential: Exelon's business structure allows it to complete reliability upgrades in the coming years, with load growth expected to reach 3.3% from 2026 to 2029, while its stock has jumped 10% in the past month, currently yielding 3.5% in dividends.
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American States Water Company Q4 2025 Earnings Highlights
- Strong Financial Performance: American States Water Company reported earnings of $3.37 per share for 2025, up 6.3% from $3.17 in 2024, reflecting successful infrastructure investments and service expansions that enhance future profitability.
- Positive Regulatory Outcomes: Golden State Water received a favorable final decision from the CPUC on its general rate case for 2025-2027, ensuring a stable investment environment for the coming years, which supports ongoing investments in utility infrastructure.
- Robust Expansion Plans: The company completed a transaction to acquire water and wastewater systems for a new community expected to serve 1,300 customer connections and received approval to provide water to another community projected to serve 3,800 connections in five years, indicating proactive market expansion.
- Consistent Dividend Growth: American States Water raised its quarterly dividend by 8.3% for the 71st consecutive year, demonstrating a commitment to shareholder returns while reinforcing investor confidence amidst strong earnings growth.
See More
American States Water Declares Quarterly Dividend of $0.504
- Dividend Declaration: American States Water has declared a quarterly dividend of $0.504 per share, maintaining consistency with previous dividends, which demonstrates the company's commitment to shareholder returns.
- Yield Information: The forward yield of this dividend stands at 2.75%, providing investors with a relatively stable return and reflecting the company's attractiveness in the current market environment.
- Payment Schedule: The dividend will be payable on March 5, with a record date of February 23 and an ex-dividend date also set for February 23, ensuring shareholders receive their earnings promptly.
- Signal of Stability: The company has now announced the same dividend for three consecutive quarters, indicating its financial health and stable cash flow, which enhances market confidence in its long-term investment value.
See More
American States Water Reports Strong Q4 Earnings
- Earnings Highlights: American States Water (AWR) reported a Q4 GAAP EPS of $0.74, reflecting a solid increase compared to the previous year, which enhances investor confidence in the company's profitability.
- Revenue Growth: The company achieved Q4 revenue of $164.2 million, up 14.7% year-over-year, indicating a sustained rise in market demand within the water utility sector, further solidifying its market position.
- Dividend Growth Potential: As America's longest-reigning dividend grower, American States Water is viewed as a timely investment opportunity, attracting investors seeking stable returns, which could drive stock price appreciation.
- Rating Maintained: Despite the strong performance, analysts have maintained a “Hold” rating on the stock, indicating a cautious outlook on future growth, which may influence short-term investment decisions.
See More
American States Water Co. Q4 Earnings Report
- Earnings Performance: American States Water Co. reported a fourth-quarter net income of $28.74 million, translating to an earnings per share (EPS) of $0.74, which is a slight decrease from last year's $28.43 million and $0.75 EPS, indicating minor fluctuations in profitability.
- Revenue Growth: The company's revenue for the fourth quarter rose by 14.8% to $164.27 million from $143.09 million last year, demonstrating significant progress in market demand despite the decline in earnings.
- Financial Comparison: While net income showed a slight increase compared to the previous year, the drop in EPS reflects potential cost pressures impacting profitability, necessitating attention to future cost control strategies.
- Market Outlook: Despite the fluctuations in earnings, the substantial revenue growth may provide funding support for future investments and expansions, highlighting the company's ongoing growth potential in the water utility sector.
See More
American States Water Reports Q4 Earnings
- Earnings Performance: American States Water (AWR) reported adjusted earnings of $0.74 per diluted share for Q4, indicating the company's stable profitability in the water utility sector despite market fluctuations.
- Market Environment: The company's performance during the reporting period was influenced by overall water demand, demonstrating its ongoing capability to provide reliable water services, although specific revenue figures were not disclosed.
- Investor Interest: While the earnings figure did not exceed market expectations, the company continues to attract investor attention, reflecting its significant position in the water utility industry and potential for future growth.
- Future Outlook: The absence of future guidance in the report may affect investor confidence in the company's long-term growth strategy, particularly in the context of current economic uncertainties.
See More
Utility Stocks as a Hedge Against Geopolitical Risks and AI Growth
- Defensive Investment Strategy: Wells Fargo analysts highlight that utility stocks like American Water Works and Exelon can serve as strong defensive plays amid escalating market volatility due to the U.S.-Iran conflict, with expectations of continued relative outperformance in both down and up markets.
- Historical Performance Advantage: The utilities sector has historically outperformed the S&P 500 by approximately 780 basis points during global conflicts and recessions, indicating its stability and risk mitigation capabilities during uncertain times, a trend expected to persist amid the current conflict in Iran.
- AI Demand Driving Growth: With a surge in data center construction, utility companies like American Water Works are poised to benefit as they provide essential water resources for AI facility operations, with the stock rising about 8% over the past month and a current dividend yield of 2.4%.
- Exelon's Growth Potential: Exelon's business structure allows it to complete reliability upgrades in the coming years, with load growth expected to reach 3.3% from 2026 to 2029, while its stock has jumped 10% in the past month, currently yielding 3.5% in dividends.
See More
American States Water Company Q4 2025 Earnings Highlights
- Strong Financial Performance: American States Water Company reported earnings of $3.37 per share for 2025, up 6.3% from $3.17 in 2024, reflecting successful infrastructure investments and service expansions that enhance future profitability.
- Positive Regulatory Outcomes: Golden State Water received a favorable final decision from the CPUC on its general rate case for 2025-2027, ensuring a stable investment environment for the coming years, which supports ongoing investments in utility infrastructure.
- Robust Expansion Plans: The company completed a transaction to acquire water and wastewater systems for a new community expected to serve 1,300 customer connections and received approval to provide water to another community projected to serve 3,800 connections in five years, indicating proactive market expansion.
- Consistent Dividend Growth: American States Water raised its quarterly dividend by 8.3% for the 71st consecutive year, demonstrating a commitment to shareholder returns while reinforcing investor confidence amidst strong earnings growth.
See More
American States Water Declares Quarterly Dividend of $0.504
- Dividend Declaration: American States Water has declared a quarterly dividend of $0.504 per share, maintaining consistency with previous dividends, which demonstrates the company's commitment to shareholder returns.
- Yield Information: The forward yield of this dividend stands at 2.75%, providing investors with a relatively stable return and reflecting the company's attractiveness in the current market environment.
- Payment Schedule: The dividend will be payable on March 5, with a record date of February 23 and an ex-dividend date also set for February 23, ensuring shareholders receive their earnings promptly.
- Signal of Stability: The company has now announced the same dividend for three consecutive quarters, indicating its financial health and stable cash flow, which enhances market confidence in its long-term investment value.
See More
American States Water Reports Strong Q4 Earnings
- Earnings Highlights: American States Water (AWR) reported a Q4 GAAP EPS of $0.74, reflecting a solid increase compared to the previous year, which enhances investor confidence in the company's profitability.
- Revenue Growth: The company achieved Q4 revenue of $164.2 million, up 14.7% year-over-year, indicating a sustained rise in market demand within the water utility sector, further solidifying its market position.
- Dividend Growth Potential: As America's longest-reigning dividend grower, American States Water is viewed as a timely investment opportunity, attracting investors seeking stable returns, which could drive stock price appreciation.
- Rating Maintained: Despite the strong performance, analysts have maintained a “Hold” rating on the stock, indicating a cautious outlook on future growth, which may influence short-term investment decisions.
See More
American States Water Co. Q4 Earnings Report
- Earnings Performance: American States Water Co. reported a fourth-quarter net income of $28.74 million, translating to an earnings per share (EPS) of $0.74, which is a slight decrease from last year's $28.43 million and $0.75 EPS, indicating minor fluctuations in profitability.
- Revenue Growth: The company's revenue for the fourth quarter rose by 14.8% to $164.27 million from $143.09 million last year, demonstrating significant progress in market demand despite the decline in earnings.
- Financial Comparison: While net income showed a slight increase compared to the previous year, the drop in EPS reflects potential cost pressures impacting profitability, necessitating attention to future cost control strategies.
- Market Outlook: Despite the fluctuations in earnings, the substantial revenue growth may provide funding support for future investments and expansions, highlighting the company's ongoing growth potential in the water utility sector.
See More
American States Water Reports Q4 Earnings
- Earnings Performance: American States Water (AWR) reported adjusted earnings of $0.74 per diluted share for Q4, indicating the company's stable profitability in the water utility sector despite market fluctuations.
- Market Environment: The company's performance during the reporting period was influenced by overall water demand, demonstrating its ongoing capability to provide reliable water services, although specific revenue figures were not disclosed.
- Investor Interest: While the earnings figure did not exceed market expectations, the company continues to attract investor attention, reflecting its significant position in the water utility industry and potential for future growth.
- Future Outlook: The absence of future guidance in the report may affect investor confidence in the company's long-term growth strategy, particularly in the context of current economic uncertainties.
See More
