American States Water raised its dividend by 8.2% last month, extending its streak of annual dividend increases to 72 consecutive years. The water utility has now paid 361 consecutive quarterly dividends and remains one of fewer than 60 companies with 50 or more years of annual dividend increases. The company serves 1 million customers in 10 states through its regulated utilities and also operates water and wastewater facilities at 12 military bases under long-term contracts. It plans to invest $185 million to $220 million this year in its regulated utilities and recently agreed to acquire a new water system in California for almost $5.3 million. American States Water has grown its dividend at an 8.7% compound annual rate over the last decade, driving a 10.4% annualized total return.
American States Water CompanyRaises dividend 8.2%, extending 72-year streak, with planned investments and acquisition.
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