SAN DIMAS, Calif.--(BUSINESS WIRE)--Yesterday, the Board of Directors of American States Water Company (NYSE:AWR) approved a quarterly dividend of $0.224 per share on the Common Shares of the company. This action marks the 318th consecutive dividend payment by the company. For 61 consecutive years, American States Water Company shareholders have received an increase in their calendar year dividend.
Dividends on the Common Shares will be payable on December 1, 2015 to shareholders of record at the close of business on November 16, 2015.
American States Water Company is the parent of Golden State Water Company and American States Utility Services, Inc. Through its utility subsidiary, Golden State Water Company, AWR provides water service to approximately 260,000 customers throughout 10 counties in Northern, Coastal and Southern California. The company also distributes electricity to approximately 24,000 customers in the Big Bear recreational area of California. Through its contracted services subsidiary, American States Utility Services, Inc., the company provides operations, maintenance and construction management services for water and wastewater systems located on military bases throughout the country under 50 year privatization contracts.
American States Water Company has paid dividends to shareholders every year since 1931, increasing the dividends received by shareholders each calendar year since 1954.