American States Water Co. Announces Quarterly Dividend of $0.20 (AWR)
American States Water (NYSE:AWR) announced a quarterly dividend on Wednesday, October 30th, StockRatingsNetwork reports. Investors of record on Friday, November 15th will be paid a dividend of $0.2025 per share on Monday, December 2nd. This represents a $0.81 annualized dividend and a dividend yield of 2.83%.
A number of analysts have recently weighed in on AWR shares. Analysts at Brean Capital downgraded shares of American States Water from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, October 22nd. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $52.77.
Shares of American States Water (NYSE:AWR) opened at 28.62 on Thursday. American States Water has a 52 week low of $40.64 and a 52 week high of $66.17. The stock has a 50-day moving average of $27.25 and a 200-day moving average of $27.84. The company has a market cap of $1.107 billion and a price-to-earnings ratio of 18.98.
American States Water (NYSE:AWR) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. The company had revenue of $120.70 million for the quarter, compared to the consensus estimate of $119.75 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts predict that American States Water will post $1.43 earnings per share for the current fiscal year.
American States Water Company (NYSE:AWR), is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS) and its subsidiaries (Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS)).
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