American States Water Company (NYSE:AWR) features prominently in the list of 12 Reliable Dividend Stocks for Maximum Income.
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American States Water Company (NYSE:AWR) operates as a diversified utility company with several subsidiaries structured around three primary sectors: water, electric, and contracted services.
In recent years, the firm has prioritized enhancing its regulated operations, improving water and electric infrastructure, and adapting to evolving climate and environmental regulations. Its success is closely tied to favorable regulatory results, reliable government contracts, and its capacity to fulfill customer demands amidst increasing environmental challenges.
American States Water Company (NYSE:AWR) enjoys a strong reputation among investors focused on income due to its impressive dividend record. The company has consistently paid dividends since 1931 and has raised them annually for an impressive 71 years, making it one of the most established records in its industry. Over the last five years, it has achieved a compound annual growth rate (CAGR) of 8.5% in its quarterly dividend since the third quarter of 2020, with projections suggesting a 10-year CAGR of approximately 8.3% by 2025. Looking forward, the company intends to maintain long-term annual dividend growth exceeding 7%. AWR currently offers quarterly dividends of $0.504 per share, with a yield of 2.76% as of October 13.
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