Articles from American States Water Company

American States Water Company (NYSEAWR) announced today that on January 14, 2025, the California Public Utilities Commission (“CPUC”) approved a request to defer the cost of capital application by one year for AWR’s wholly owned subsidiary, Golden State Water Company (“GSWC”). GSWC was scheduled to file its next cost of capital application on May 1, 2025. In December 2024, GSWC, along with three other investor-owned California water utilities, requested a further extension of the date by which each of them must file their cost of capital applications. The CPUC’s approval postponed this filing date by one year until May 1, 2026, with a corresponding effective date of January 1, 2027. The CPUC also approved the joint parties’ request to leave the current Water Cost of Capital Mechanism in place through the one-year deferral period.

American States Water Company (NYSEAWR) announced that on January 16, 2025, the California Public Utilities Commission (“CPUC”) adopted a final decision in connection with the general rate case at AWR’s regulated electric utility subsidiary, Bear Valley Electric Service, Inc. (“BVES”).

American States Water Company (NYSEAWR) announced that on December 12, 2024, its regulated electric utility subsidiary, Bear Valley Electric Service, Inc. (“BVES”), received a proposed decision from the assigned administrative law judge at the California Public Utilities Commission (“CPUC”) in connection with the pending general rate case proceeding that will determine new electric rates for the years 2023 – 2026. The proposed decision is scheduled to be voted on by the CPUC on January 16, 2025. When a final decision is issued by the CPUC, the new rates will be effective and retroactive to January 1, 2023. As a result, the impact from retroactive rates for the full year of 2023 and from the second-year rate increases through the nine months ended September 30, 2024 are expected at this time to be reflected in the 2024 fourth quarter results. We are in the process of reviewing the proposed decision to finalize all of the impact that may be reported in our 2024 fourth quarter earnings release and included in the 2024 Form 10-K that will be filed with the Securities and Exchange Commission.

American States Water Company (NYSEAWR) announced that on November 15, 2024, its regulated water utility subsidiary, Golden State Water Company (“GSWC”), received a proposed decision from the assigned administrative law judge at the California Public Utilities Commission (“CPUC”) in connection with the pending general rate case proceeding that will determine new water rates for the years 2025 – 2027. A final decision by the CPUC is expected as soon as the end of the fourth quarter of 2024. When a final decision is issued by the CPUC, the new rates for 2025 will be effective January 1, 2025.

American States Water Company (NYSEAWR) today reported basic and fully diluted earnings per share of $0.95 for the quarter ended September 30, 2024, as compared to basic and fully diluted earnings per share of $0.85 for the quarter ended September 30, 2023, an increase of $0.10 per share, generated from higher earnings at AWR’s water utility subsidiary, Golden State Water Company (“GSWC”), which contributed an increase of $0.12 per share that included a net favorable variance of $0.06 per share from gains generated on investments held to fund one of the company’s retirement plans during the third quarter of 2024 as compared to losses recorded during the same period in 2023 due to financial market conditions.

On October 29, 2024, the Board of Directors of American States Water Company (NYSEAWR) approved a quarterly dividend of $0.4655 per share on the Common Shares of the company. This action marks the 354th consecutive dividend payment by the company. American States Water Company has paid dividends to shareholders every year since 1931, increasing the dividends received by shareholders each calendar year for 70 consecutive years, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company’s quarterly dividend rate has grown at a compound annual growth rate (“CAGR”) of 8.8% over the last five years since the third quarter of 2019 and is on pace to achieve an 8.0% CAGR in calendar year dividend payments for the ten-year period ended 2024. The company’s current policy is to achieve a CAGR in the dividend of more than 7% over the long-term.

American States Water Company (NYSEAWR) announced today that the company intends to release its third quarter ended September 30, 2024 financial results after the market closes on Wednesday, November 6, 2024.

American States Water Company (NYSEAWR) today reported basic and fully diluted earnings per share of $0.85 for the quarter ended June 30, 2024, as compared to basic and fully diluted earnings per share of $1.04 for the quarter ended June 30, 2023, a decrease of $0.19 per share, which includes the impact of approximately $0.18 per share resulting from the reversal in June 2023 of previously recorded estimated revenues subject to refund as a result of the final cost of capital decision. Excluding this item from the three months ended June 30, 2023 results, adjusted consolidated diluted earnings were $0.86 per share compared to recorded consolidated diluted earnings of $0.85 per share for the three months ended June 30, 2024.

On July 30, 2024, the Board of Directors of American States Water Company (NYSEAWR) approved an increase in the company’s third quarter cash dividend to $0.4655 per share from $0.4300 per share on the common shares of the company. The annualized dividend rate after this increase is $1.862 per share, which represents an 8.3% increase from the current annualized dividend rate of $1.72 per share. This action marks the 353rd consecutive dividend payment by the company. American States Water Company has paid dividends every year since 1931, increasing the dividends received by shareholders each calendar year for 70 consecutive years, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company has grown its quarterly dividend rate at a compound annual growth rate (CAGR) of 8.8% over the last five years since the third quarter of 2019 and is on pace to achieve an 8.0% CAGR in its calendar year dividend payments from 2014 – 2024. The company’s current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term.

American States Water Company (NYSEAWR) announced that on July 12, 2024, its regulated water utility subsidiary, Golden State Water Company (GSWC) and the Public Advocates Office (Cal Advocates) at the California Public Utilities Commission (CPUC) filed a joint motion to adopt a settlement agreement between GSWC and Cal Advocates in connection with the water utility general rate case. GSWC had filed a general rate case application in August 2023 for all of its water regions and the general office to determine new rates for the years 2025 - 2027. The CPUC is scheduled to issue a decision in the water general rate case by the end of 2024 with the new rates expected to become effective January 1, 2025.

American States Water Company (NYSEAWR) announced today that the company intends to release its second quarter ended June 30, 2024 financial results after the market closes on Tuesday, August 6, 2024.

American States Water Company (AWR: NYSE) announced today that the California Supreme Court (the “Court”) issued a ruling on July 8, 2024 that set aside a previously issued order by the California Public Utilities Commission (“CPUC”) in August 2020, which had mandated the discontinuation of an existing full revenue decoupling mechanism known as the Water Revenue Adjustment Mechanism (“WRAM”) used by investor owned water utilities since 2008 that, in conjunction with tiered rates, incentivizes water conservation. In response to the CPUC’s order, AWR’s regulated water utility, Golden State Water Company (“GSWC”), three other investor-owned water utilities and the California Water Association each separately filed a petition in 2021 with the Court to review the CPUC’s decision-making processes that resulted in discontinuing the use of the WRAM. As a result of the Court’s decision, portions of the CPUC’s August 2020 order, including the accompanying findings and conclusions that eliminated the water utilities’ abilities to request the WRAM, are being vacated.

American States Water Company (NYSEAWR) today reported basic and fully diluted earnings per share of $0.62 for the quarter ended March 31, 2024, as compared to basic and fully diluted earnings per share of $0.93 for the quarter ended March 31, 2023, a decrease of $0.31 per share that reflects the recording in the first quarter of 2023: (i) the impact of the water general rate case at AWR’s regulated water utility segment, Golden State Water Company (“GSWC”), including retroactive rates related to the full year of 2022 of $0.38, and (ii) approximately a $0.05 per share loss resulting from the impact of estimated revenues subject to refund as a result of GSWC’s pending cost of capital proceeding at that time. The $0.05 per share was subsequently reversed in June 2023 upon receiving the final decision in the cost of capital proceeding that made all adjustments to rates prospective. Excluding these items from the three months ended March 31, 2023 results, adjusted consolidated diluted earnings were $0.60 per share, compared to recorded consolidated diluted earnings of $0.62 per share for the three months ended March 31, 2024, an adjusted increase of $0.02 per share for 2024.

On May 6, 2024, the Board of Directors of American States Water Company (NYSEAWR) approved a quarterly dividend of $0.43 per share on the Common Shares of the company. This action marks the 352nd consecutive dividend payment by the company. For 69 consecutive years, American States Water Company shareholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company’s current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term. The company’s quarterly dividend rate has grown at a compound annual growth rate of 9.4% over the last five calendar years.

American States Water Company (AWR: NYSE) announced today that after successful transitions, its contracted services subsidiary, American States Utility Services, Inc. (“ASUS”), has officially begun operating the water and wastewater utility systems at Naval Air Station Patuxent River in Maryland under a 50-year privatization contract with the U.S. government and at Joint Base Cape Cod in Massachusetts under a 15-year contract with the U.S. government.

American States Water Company (NYSEAWR) announced today that the company intends to release its first quarter ended March 31, 2024 financial results after the market closes on Tuesday, May 7, 2024.

American States Water Company (NYSEAWR) today reported basic and fully diluted earnings per share of $0.55 for the quarter ended December 31, 2023, as compared to basic and fully diluted earnings per share of $0.50 for the quarter ended December 31, 2022, an increase of 10% (or $0.05 per share), which includes a favorable variance of $0.03 per share resulting from the impact of accounting estimates recorded in the fourth quarter of 2022 for revenues subject to refund related to the pending cost of capital proceeding at that time. The estimates were subsequently reversed during the second quarter of 2023 upon receipt of a final decision adopted by the California Public Utilities Commission (“CPUC”) in June 2023, as discussed immediately below.

On February 6, 2024, the Board of Directors of American States Water Company (NYSEAWR) approved a quarterly dividend of $0.43 per share on the Common Shares of the company. This action marks the 351st consecutive dividend payment by the company. For 69 consecutive years, American States Water Company shareholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company’s current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term. The company’s quarterly dividend rate has grown at a compound annual growth rate of 9.4% over the last five years.

American States Water Company (NYSEAWR) announced today that the company intends to release its fourth quarter and full year ended December 31, 2023 financial results after the market closes on Wednesday, February 21, 2024.

American States Water Company (NYSEAWR) today reported basic and fully diluted earnings per share of $0.85 for the quarter ended September 30, 2023, as compared to basic and fully diluted earnings per share of $0.69 for the quarter ended September 30, 2022, an increase of $0.16 per share, or 23.2%, which includes a favorable variance of $0.04 per share resulting from the impact of accounting estimates recorded in the third quarter of 2022 for revenues subject to refund related to the pending cost of capital proceeding at that time, which were subsequently reversed during the second quarter of 2023 upon receipt of a final decision adopted by the California Public Utilities Commission (“CPUC”) in June 2023, as discussed immediately below.

On October 30, 2023, the Board of Directors of American States Water Company (NYSEAWR) approved a quarterly dividend of $0.43 per share on the Common Shares of the company. This action marks the 350th consecutive dividend payment by the company. For 69 consecutive years, American States Water Company shareholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company’s current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term. The company’s quarterly dividend rate has grown at a compound annual growth rate of 9.4% over the last five years.

American States Water Company (NYSEAWR) announced today that the company intends to release its third quarter ended September 30, 2023 financial results after the market closes on Monday, November 6, 2023.

American States Water Company (AWR: NYSE) announced today that its contracted services subsidiary, American States Utility Services, Inc. (“ASUS”), has been awarded a 50-year contract by the U.S. government to operate, maintain and provide construction management services for the water distribution and wastewater collection facilities at Naval Air Station Patuxent River, a United States Navy air station located in Maryland. The initial value of the contract is estimated at approximately $349 million over a 50-year period and is subject to annual economic price adjustment. ASUS will also have the opportunity to generate additional revenues under this contract for new construction projects provided through contract modifications with the U.S. government. Under the contract, there is a 6-month transition period to ensure seamless operations are established and inventory assets are fully accounted for in the contract.

American States Water Company (NYSEAWR) today reported basic and fully diluted earnings per share of $1.04 for the quarter ended June 30, 2023, as compared to basic and fully diluted earnings per share of $0.54 for the quarter ended June 30, 2022, an increase of $0.50 per share, which includes a favorable variance of $0.21 per share resulting from the impact of estimates and changes in estimates following the receipt of a final decision on the cost of capital proceeding in June 2023, as discussed immediately below.

On August 1, 2023, the Board of Directors of American States Water Company (NYSEAWR) approved an increase in the company’s third quarter cash dividend from $0.3975 per share to $0.4300 per share on the common shares of the company. The annualized dividend rate after this increase is $1.72 per share, which represents an 8.2% increase from the current annualized dividend rate of $1.59 per share. This action marks the 349th consecutive dividend payment by the company. American States Water Company has paid dividends every year since 1931, increasing the dividends received by shareholders each calendar year for 69 consecutive years, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company has achieved an 8.1% compound annual growth rate in its calendar year dividend payments from 2013 – 2023. The company’s current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term.

American States Water Company (NYSEAWR) announced today that the company intends to release its second quarter ended June 30, 2023 financial results after the market closes on Monday, August 7, 2023.

American States Water Company (NYSEAWR) announced that on June 29, 2023, the California Public Utilities Commission (“CPUC”) adopted final decisions in connection with the general rate case and cost of capital proceedings at AWR’s regulated water utility subsidiary, Golden State Water Company (“GSWC”).

American States Water Company (NYSEAWR) and its regulated water utility subsidiary, Golden State Water Company (“GSWC”), announced that on June 28, 2023 they had each entered into new credit agreements with a term of five years provided by a syndicate of banks and financial institutions. These syndicated credit facilities replace AWR’s previous credit agreement with a sole bank dated June 3, 2005, as amended and restated.

American States Water Company (NYSEAWR) today reported basic and fully diluted earnings per share of $0.93 for the quarter ended March 31, 2023, as compared to basic and fully diluted earnings per share of $0.38 for the quarter ended March 31, 2022, an increase of $0.55 per share. The increase includes the impact of retroactive rates of $0.36 per share related to the full 2022 year and the estimated second-year rate increases for the three months ended March 31, 2023 as a result of receiving a proposed decision in the water utility general rate case that sets new rates for the years 2022 – 2024, as discussed immediately below.

On May 8, 2023, the Board of Directors of American States Water Company (NYSEAWR) approved a quarterly dividend of $0.3975 per share on the Common Shares of the company. This action marks the 348th consecutive dividend payment by the company. For 68 consecutive years, American States Water Company shareholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company has achieved a 9.2% compound annual growth rate in its calendar year dividend payments from 2012 – 2022. The company’s current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term.

American States Water Company (NYSEAWR) announced that on April 13, 2023, its regulated water utility subsidiary, Golden State Water Company (“GSWC”), received a proposed decision from the assigned administrative law judge at the California Public Utilities Commission (“CPUC”) in connection with the pending general rate case proceeding that will determine new water rates for the years 2022 – 2024. A final decision by the CPUC is expected during the second quarter of 2023. When a final decision is issued by the CPUC, the new rates for 2022 will be effective and retroactive to January 1, 2022. As a result, the retroactive impact for the full year of 2022 will be reflected in the 2023 first quarter results. The estimated escalation increases for 2023 will be effective as of January 1, 2023 and also reflected in the 2023 first quarter results. We are in the process of reviewing the proposed decision to finalize all of the impact to be recorded in the 2023 first quarter results that will be reported in our first quarter earnings release and Form 10-Q that will be filed with the Securities and Exchange Commission. AWR intends to release its first quarter ended March 31, 2023 financial results after the market closes on Wednesday, May 10, 2023.

American States Water Company (NYSEAWR) today reported basic and fully diluted earnings per share of $0.50 for the quarter ended December 31, 2022, as compared to basic and fully diluted earnings per share of $0.55 for the quarter ended December 31, 2021, a decrease of $0.05 per share.

American States Water Company (NYSEAWR) announced today that the company intends to release its fourth quarter and year ended December 31, 2022 financial results after the market closes on Wednesday, March 1, 2023.

Effective February 8, 2023, American States Water Company (NYSEAWR) appointed Thomas A. Eichelberger as a director of the company in order to fill a vacancy on the board created by the resignation of Sarah J. Anderson. He will stand for election along with other class III directors at the annual meeting in 2023. Mr. Eichelberger was also appointed as a director of the company’s wholly-owned subsidiary, Golden State Water Company.

On February 7, 2023, the Board of Directors of American States Water Company (NYSEAWR) approved a quarterly dividend of $0.3975 per share on the Common Shares of the company. This action marks the 347th consecutive dividend payment by the company. For 68 consecutive years, American States Water Company shareholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company has achieved a 9.2% compound annual growth rate in its calendar year dividend payments from 2012 – 2022. The company’s current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term.

American States Water Company (NYSEAWR) today reported basic and fully diluted earnings per share of $0.69 for the quarter ended September 30, 2022, as compared to basic and fully diluted earnings per share of $0.76 for the quarter ended September 30, 2021, a decrease of $0.07 per share.

On November 1, 2022, the Board of Directors of American States Water Company (NYSEAWR) approved a quarterly dividend of $0.3975 per share on the Common Shares of the company. This action marks the 346th consecutive dividend payment by the company. For 68 consecutive years, American States Water Company shareholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company has achieved a 9.2% compound annual growth rate in its calendar year dividend payments for 2012 – 2022. The company’s current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term.

American States Water Company (NYSEAWR) announced today that the company intends to release its third quarter ended September 30, 2022 financial results after the market closes on Monday, November 7, 2022.

American States Water Company (NYSEAWR) announced that on September 30, 2022, Senate Bill (SB) 1469 was signed by the Governor of California, Gavin Newson. This legislation is critical to promoting water conservation programs as California is facing three consecutive years of severe drought, the driest period in 1,200 years. It is effective January 1, 2023 and allows water utilities, including AWR’s water utility subsidiary, Golden State Water Company (GSWC), to continue requesting the use of the Water Revenue Adjustment Mechanism (WRAM) in their next general rate case. The WRAM was first adopted by the California Public Utilities Commission in 2008 and was developed with the goal of decoupling the utilities’ water sales and revenues to encourage conservation rates and programs that reduce overall water consumption. Since the implementation of the WRAM in 2008, GSWC has heavily promoted conservation through tiered rates, education and other programs, which have resulted in a decrease in use per customer of 32% by its water customers. With the passage of SB 1469, GSWC will be able to request the continued use of the WRAM in its next general rate case to be filed in 2023 that will establish new rates for the years 2025 – 2027 that will encourage customers to conserve.

American States Water Company (NYSEAWR) today reported basic and fully diluted earnings per share of $0.54 for the quarter ended June 30, 2022, as compared to basic and fully diluted earnings per share of $0.72 for the quarter ended June 30, 2021, a decrease of $0.18 per share.

On July 26, 2022, the Board of Directors of American States Water Company (NYSEAWR) approved an increase in the company’s third quarter cash dividend from $0.3650 per share to $0.3975 per share on the common shares of the company. The annualized dividend rate after this increase is $1.59 per share, which represents an 8.9% increase from the current annualized dividend rate of $1.46 per share. This action marks the 345th consecutive dividend payment by the company. American States Water Company has paid dividends every year since 1931, increasing the dividends received by shareholders each calendar year for 68 consecutive years, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company has achieved a 9.2% compound annual growth rate in its calendar year dividend payments from 2012 – 2022. The company’s current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term.

American States Water Company (NYSEAWR) announced today that the company intends to release its second quarter ended June 30, 2022 financial results after the market closes on Monday, August 1, 2022.

American States Water Company (NYSEAWR) today reported basic and fully diluted earnings per share of $0.38 for the quarter ended March 31, 2022, as compared to basic and fully diluted earnings per share of $0.52 for the quarter ended March 31, 2021. Due to the delay in receiving a final decision from the California Public Utilities Commission ("CPUC") on the pending water general rate case at AWR's regulated water utility segment, Golden State Water Company ("GSWC"), to set new rates beginning in 2022, water revenues billed and recorded for the first quarter of 2022 were based on 2021 adopted rates, pending a final decision. When approved, the new rates will be retroactive to January 1, 2022 and cumulative adjustments will be recorded in the quarter the new rates are approved by the CPUC. Had new rates been approved and implemented on January 1, 2022 consistent with the settlement agreement discussed immediately below, GSWC would have recorded additional revenues of approximately $6.3 million, or $0.12 per share, and additional water supply costs of approximately $1.6 million, or $0.03 per share, for the first quarter of 2022. Including the additional revenues and water supply costs, consolidated adjusted diluted earnings for the first quarter March 31, 2022 were $0.47 per share.

On April 28, 2022, the Board of Directors of American States Water Company (NYSEAWR) approved a quarterly dividend of $0.365 per share on the Common Shares of the company. This action marks the 344th consecutive dividend payment by the company. For 67 consecutive years, American States Water Company shareholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company’s current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term. The company has achieved nearly a 10% compound annual growth rate in its annual dividend payment from 2011–2021.

American States Water Company (NYSEAWR) announced today that the company intends to release its first quarter ended March 31, 2022 financial results after the market closes on Monday, May 2, 2022.

American States Water Company (NYSEAWR) today reported basic and fully diluted earnings per share of $0.55 for the fourth quarter ended December 31, 2021, as compared to basic and fully diluted earnings per share of $0.55 and $0.54, respectively, recorded for the fourth quarter ended December 31, 2020.

American States Water Company (NYSEAWR) announced today that the company intends to release its fourth quarter and year ended December 31, 2021 financial results after the market closes on Tuesday, February 22, 2022.

On February 1, 2022, the Board of Directors of American States Water Company (NYSEAWR) approved a quarterly dividend of $0.365 per share on the Common Shares of the company. This action marks the 343rd consecutive dividend payment by the company. For 67 consecutive years, American States Water Company shareholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company’s current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term. The company has achieved nearly a 10% compound annual growth rate in its calendar year dividend payments from 2011–2021.

American States Water Company (NYSEAWR) announced that on November 23, 2021, its regulated water utility subsidiary, Golden State Water Company (GSWC) and the Public Advocates Office (Cal Advocates) at the California Public Utilities Commission (CPUC) filed a joint motion to adopt a settlement agreement between GSWC and Cal Advocates in connection with the water utility general rate case. GSWC had filed a general rate case application in July 2020 for all of its water regions and the general office to determine new rates for the years 2022 - 2024. The CPUC is expected to issue a proposed decision in the water general rate case during the first half of 2022. When approved, the new rates are expected to become effective and retroactive to January 1, 2022.

American States Water Company (NYSEAWR) today reported basic and fully diluted earnings per share of $0.76 for the quarter ended September 30, 2021, as compared to basic and fully diluted earnings per share of $0.72 for the quarter ended September 30, 2020. Included in the results for the third quarter of 2021 were minimal gains on investments held to fund one of the company's retirement plans, as compared to gains of $1.2 million, or $0.02 per share, for the same period in 2020 largely due to volatility in the financial markets resulting, in part, from the COVID-19 pandemic. Excluding the gains on investments from both periods, adjusted diluted earnings for the third quarter of 2021 were $0.76 per share, as compared to adjusted diluted earnings of $0.70 per share for the third quarter of 2020, an adjusted increase of $0.06 per share, or 8.6%.

On October 26, 2021, the Board of Directors of American States Water Company (NYSEAWR) approved a quarterly dividend of $0.365 per share on the Common Shares of the company. This action marks the 342nd consecutive dividend payment by the company. For 67 consecutive years, American States Water Company shareholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company’s current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term. With the payment of this dividend, the company will have achieved nearly a 10% compound annual growth rate in its calendar year dividend payments from 2011 – 2021.

American States Water Company (NYSEAWR) announced today that the company intends to release its third quarter ended September 30, 2021 financial results after the market closes on Monday, November 1, 2021.

American States Water Company (NYSEAWR) today reported basic and fully diluted earnings per share of $0.72 for the quarter ended June 30, 2021, as compared to basic and fully diluted earnings per share of $0.69 for the quarter ended June 30, 2020. Included in the results for the second quarter of 2021 were gains on investments held to fund one of the company's retirement plans totaling $1.6 million, or $0.03 per share, as compared to higher gains of $2.4 million, or approximately $0.05 per share, for the same period in 2020 largely due to volatility in the financial markets last year caused by the early stages of the COVID-19 pandemic. Excluding this unfavorable variance of $0.02 per share, adjusted diluted earnings for the second quarter of 2021 increased by $0.05 per share as compared to the same period in 2020 adjusted, or a 7.8% increase.

On July 27, 2021, the Board of Directors of American States Water Company (NYSEAWR) approved an increase in the company’s third quarter cash dividend from $0.335 per share to $0.365 per share on the common shares of the company. The annualized dividend rate after this increase is $1.46 per share, which represents a 9% increase from the current annualized dividend rate of $1.34 per share. This action marks the 341st consecutive dividend payment by the company. American States Water Company has paid dividends every year since 1931, increasing the dividends received by shareholders each calendar year for 67 consecutive years, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company’s current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term. The company has achieved a nearly 10% compound annual growth rate in its calendar year dividend payments from 2011 – 2021.

American States Water Company (NYSEAWR) announced today that the company intends to release its second quarter ended June 30, 2021 financial results after the market closes on Monday, August 2, 2021.

American States Utility Services, Inc. (ASUS), a wholly owned subsidiary of American States Water Company (NYSEAWR), has earned the designation VETS Indexes 3 Star Employer, as part of the 2021 VETS Indexes Employer Awards. The award recognizes ASUS’s commitment to recruiting, hiring, retaining, developing and supporting veteran employees and others in the military-connected community.

American States Water Company (NYSEAWR) today reported basic and fully diluted earnings per share of $0.52 for the quarter ended March 31, 2021, as compared to basic and fully diluted earnings per share of $0.38 for the quarter ended March 31, 2020, a 36.8% increase. Included in the results for the first quarter of 2020 were losses totaling $2.4 million, or approximately $0.05 per share, incurred on investments held to fund one of the company's retirement plans that resulted from the negative effects at the start of the COVID-19 pandemic early last year on the financial markets. Excluding this item from the results for the first quarter of 2020, consolidated diluted earnings for the first quarter of 2021 increased by $0.09 per share, or 20.9%, as compared to the same period in 2020.

On April 30, 2021, the Board of Directors of American States Water Company (NYSEAWR) approved a quarterly dividend of $0.335 per share on the Common Shares of the company. This action marks the 340th consecutive dividend payment by the company. For 66 consecutive years, American States Water Company shareholders have received an increase in their calendar year dividend, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company’s current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term. The company has achieved a 9.4% compound annual growth rate in its annual dividend payment from 2010–2020.

American States Water Company (NYSEAWR) announced today that the company intends to release its first quarter ended March 31, 2021 financial results after the market closes on Monday, May 3, 2021.