American States Water Boosts Dividend for 71st Straight Year — American States Water Company

Event summary

American States Water Company's board approved a quarterly dividend of $0.5040 per share on February 10, 2026, marking its 359th consecutive dividend payment.
The company has increased dividends annually for 71 consecutive years, placing it among an exclusive group on the NYSE.
Dividends have grown at a 5-year CAGR of 8.5% and a 10-year CAGR of 8.3%, with a long-term target of over 7% annual growth.
The dividend is payable on March 5, 2026, to shareholders of record on February 23, 2026.

The big picture

American States Water's consistent dividend growth reflects its stable utility business model and long-term contracts with the U.S. government. The company's ability to maintain this track record is a testament to its resilient business model in the regulated utility sector. However, sustained growth will depend on managing regulatory pressures and operational costs effectively.

What we're watching

Dividend Sustainability: Whether American States Water can maintain its 8.5% dividend growth rate amid potential regulatory or operational challenges.
Regulatory Environment: How changes in water and energy regulations could impact the company's ability to sustain dividend growth.
Operational Efficiency: The pace at which the company can improve operational efficiency to support continued dividend increases.