American States Water

AWR

Market cap $2.96B

SAN DIMAS, Calif.--(BUSINESS WIRE)--American States Water Company (NYSE:AWR) announced today that in December 2025 its water utility subsidiary, Golden State Water Company (GSWC), received approval from the California Public Utilities Commission (CPUC) of its full second-year rate increases that will result in higher adopted water revenue less water supply cost for 2026 of approximately $32.0 million compared to 2025's adopted levels. This is effective January 1, 2026. GSWC's current rate cycle.

With consumer confidence sliding, low-beta defensive picks like ATO, AWR, SRE and INGR stand out as investors look to limit downside risk.

York Water has paid a dividend for more than 200 years. American States Water has hiked its dividend for more than seven decades.

Dividend Kings underperformed SPY in 2025, up 4.47% vs. SPY's 17.7%, but select Kings outperformed the index. Twenty-two Dividend Kings are identified as both potentially undervalued and offering long-term expected annualized returns of at least 10%. Dividend growth for the Kings remains subdued at 5.81% for 2025, trailing the 2024 rate of 6.32%.

American States Water can build on its already unbelievable dividend growth streak, going back to the Eisenhower administration. The regulated utility's fundamentals support mid-single-digit annual diluted EPS growth over the next few years. AWR's interest coverage ratio through Q3 2025 was above 5, which is a testament to its financial strength.

American States Water benefits from new regulated rates, while rising demand from an expanding customer base will support stable earnings growth.

In the prospering water supply industry, companies like AWK, WTRG and AWR are poised to benefit from their strong customer base and systematic investments that enable them to serve customers efficiently.

SAN DIMAS, Calif.--(BUSINESS WIRE)--American States Water Company (NYSE: AWR) announced today that on November 18, 2025, the California Public Utilities Commission (“CPUC”) approved a request to defer the cost of capital application by another year for AWR's wholly owned subsidiary, Golden State Water Company (“GSWC”). GSWC was scheduled to file its next cost of capital application on May 1, 2026. On November 10, 2025, GSWC, along with three other investor-owned California water utilities, requ.

Low-volatility utilities like AWR, AEE and ETR offer steady earnings growth and dividends as tech stocks stumble.

American States Water boosts its growth outlook with rising estimates, steady dividends, and ongoing infrastructure upgrades.