American States Water Company (NYSE:AWR) is included among the 12 Reliable Dividend Stocks for Maximum Income.
Photo by
Dan Dennis on
Unsplash
American States Water Company (NYSE:AWR) operates as a diversified utility firm with multiple subsidiaries across three main segments: water, electric, and contracted services.
In recent years, the company has focused on strengthening its regulated operations, upgrading water and electric infrastructure, and aligning with evolving climate and environmental standards. Its performance largely depends 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 outstanding dividend history. The company 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 the third quarter of 2020 and is on track to reach a 10-year CAGR of about 8.3% by 2025. Looking ahead, the company aims to sustain 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.
While we acknowledge the potential of AWR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Best Dividend Stocks With Yields Above 4% and Top 15 Dividend Growth Stocks for Long-Term Investors.
Disclosure: None.