American States Water Extends Dividend Growth Streak to 72 Years
American States Water (AWR) has quietly raised its dividend by 8.2% for the seventh consecutive year, extending its impressive streak of annual increases to 72 years. This achievement places it among an elite group known as the 'Dividend Kings,' with fewer than 60 companies maintaining such a long track record. The utility company operates in stable sectors—water and electricity—and has consistently grown earnings through capital investments and rate adjustments approved by regulators. American States Water serves one million customers across ten states, primarily via its Golden State Water Company and Bear Valley Electric Services subsidiaries. It also provides water services at military bases under long-term contracts. The company plans to invest $185–220 million this year in infrastructure upgrades and recently acquired a new California water system for nearly $5.3 million. With a 2.26% dividend yield, an average annualized total return of 10.4%, and consistent growth expectations, American States Water is gaining attention as a reliable long-term investment despite its relatively low profile compared to other Dividend Kings like Coca-Cola or Johnson & Johnson.
