American States Water Company (NYSE:AWR) is included among the 12 Trustworthy Dividend Stocks for Maximum Income.
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American States Water Company (NYSE:AWR) operates as a diversified utility with multiple subsidiaries across three primary segments: water, electric, and contracted services.
In recent years, the company has focused on strengthening its regulated operations, improving water and electricity infrastructure, and aligning with evolving climate and environmental standards. Its performance depends largely on favorable regulatory outcomes, the consistency of government contracts and its ability to meet customer demand amid growing environmental challenges.
American States Water Company (NYSE:AWR) is well regarded among income-focused investors for its excellent dividend history. The company has paid dividends every year since 1931 and has increased them annually for 71 consecutive years, one of the longest records in the industry. Over the past five years, it has maintained a compound annual growth rate (CAGR) of 8.5% in its quarterly dividend since Q3 2020 and is on track to achieve a 10-year CAGR of approximately 8.3% by 2025. Going forward, the company aims to maintain long-term annual dividend growth above 7%. AWR offers a quarterly dividend of $0.504 per share and has a dividend yield of 2.76%, as of October 13.
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