American States Water Declares Quarterly Dividend of $0.504
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 19 2026
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Should l Buy AWR?
Source: seekingalpha
- 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.
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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.
- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- Earnings Decline: American States Water Company reported diluted earnings per share of $0.74 for Q4 2025, down from $0.75 in Q4 2024, primarily impacted by final decisions in water and electric rate cases, indicating challenges in pricing strategies.
- Water Segment Performance: The adjusted diluted earnings per share for the water segment increased to $0.50 from $0.39 in 2024, reflecting the implementation of new customer rates and growth in management fee revenues, suggesting improved profitability in the water market.
- Electric Segment Earnings: The electric segment reported earnings of $0.11 per share, down from $0.13 in 2024, largely due to the impact of retroactive rates, highlighting pricing strategy pressures in the electric utility sector.
- Dividend Growth Continues: The Board approved a dividend of $0.5040 per share for Q1 2026, marking 71 consecutive years of dividend increases since 1931, demonstrating the company's commitment to shareholder returns and stable cash flow.
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