American States Water Company
AWR23 yrs growthUtilities · Utilities - Regulated Water · Stock · quarterly payer
Forward Yield
2.61%
Annual Dividend
$2.18
Payout Ratio
55%
5-Yr Growth
8.7%
Ex-Date
Aug 17, 2026
Frequency
Quarterly
Key facts about AWR's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, American States Water Company (AWR) has a forward dividend yield of 2.61%, based on an annual dividend of $2.18 per share and a share price of $83.45.
- As of Oct 18, 2026, AWR's dividend safety grade from SmarterDividends is A (91 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, American States Water Company (AWR) has raised its dividend for 23 consecutive years as of Oct 18, 2026.
- AWR has never cut its regular dividend in the payment history SmarterDividends has on record.
- AWR's most recent ex-dividend date was Aug 17, 2026, for a dividend of $0.55 per share.
- As of Oct 18, 2026, AWR pays out 55% of its trailing 12-month earnings as dividends (its payout ratio).
- AWR's dividend has grown at an average rate of 8.7% a year over the past five years.
- As of Oct 18, 2026, AWR's 2.61% yield is 27% above its five-year average yield of 2.05%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for AWR is $73.51 per share, 12% below the $83.45 share price, so AWR screens as fairly valued.
- American States Water Company (AWR) pays its dividend quarterly, 4 times a year.
- American States Water Company (AWR) has raised its regular dividend 36 times and cut it 1 time across the 158 payments on record since 1987. Its most recent change was a 8.3% increase to $0.546 per share, going ex-dividend on Aug 17, 2026. The last cut went ex-dividend on Feb 6, 2002.
Cite this page
SmarterDividends, "AWR Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/AWR
Summary
As of Oct 18, 2026, American States Water Company (AWR) yields 2.61% ($2.18 a year per share), has a dividend safety grade of A (91/100) and has 23 consecutive years of dividend increases on record.
Is AWR a good dividend stock?
YesAmerican States Water Company (AWR) pays a quarterly dividend yielding 2.61% ($2.18/yr), with 23 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 23 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (55%)
- Strong 8.7% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.61%
- Payout Ratio
- 55%
- Annual Dividend
- $2.18
- 5-Yr Avg Growth
- 8.7%
- Ex-Dividend Date
- Aug 17, 2026
- Years of Growth
- 23
- Frequency
- quarterly
- Beta
- 0.55
- Market Cap
- $3.3B
- P/E Ratio
- 22.9
- 5-Yr Total Return
- -11%
- 52-Week Range
- $69.45 – $91.72
- Dividend Safety
- A · 91/100
- Ever Cut?
- No
AWR dividend raises and cuts
American States Water Company (AWR) has raised its regular dividend 36 times and cut it 1 time across the 158 payments on record since 1987. Its most recent change was a 8.3% increase to $0.546 per share, going ex-dividend on Aug 17, 2026. The last cut went ex-dividend on Feb 6, 2002.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 17, 2026 | Raise | $0.504 → $0.546 | +8.3% |
| Aug 15, 2025 | Raise | $0.466 → $0.504 | +8.2% |
| Aug 16, 2024 | Raise | $0.430 → $0.466 | +8.4% |
| Aug 14, 2023 | Raise | $0.398 → $0.430 | +8.0% |
| Aug 12, 2022 | Raise | $0.365 → $0.398 | +9.0% |
| Aug 13, 2021 | Raise | $0.335 → $0.365 | +9.0% |
| Aug 14, 2020 | Raise | $0.305 → $0.335 | +9.8% |
| Aug 14, 2019 | Raise | $0.275 → $0.305 | +10.9% |
| Aug 14, 2018 | Raise | $0.255 → $0.275 | +7.8% |
| Aug 11, 2017 | Raise | $0.242 → $0.255 | +5.4% |
| Nov 10, 2016 | Raise | $0.224 → $0.242 | +8.0% |
| Aug 12, 2015 | Raise | $0.213 → $0.224 | +5.2% |
Show all 37 changes since 1987
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 13, 2014 | Raise | $0.203 → $0.213 | +4.9% |
| Nov 13, 2013 | Raise | $0.203 → $0.203 | +0.2% |
| Aug 13, 2013 | Raise | $0.178 → $0.203 | +14.1% |
| Aug 9, 2012 | Raise | $0.140 → $0.178 | +26.8% |
| May 10, 2011 | Raise | $0.130 → $0.140 | +7.7% |
| Nov 9, 2009 | Raise | $0.125 → $0.130 | +4.0% |
| Nov 7, 2007 | Raise | $0.118 → $0.125 | +6.4% |
| Nov 8, 2006 | Raise | $0.113 → $0.118 | +4.4% |
| Nov 9, 2004 | Raise | $0.110 → $0.113 | +2.3% |
| Aug 6, 2003 | Raise | $0.110 → $0.111 | +0.5% |
| Feb 5, 2003 | Raise | $0.110 → $0.111 | +0.5% |
| Nov 6, 2002 | Raise | $0.109 → $0.110 | +0.9% |
| Aug 8, 2002 | Raise | $0.108 → $0.109 | +0.6% |
| May 6, 2002 | Raise | $0.104 → $0.108 | +3.8% |
| Feb 6, 2002 | Cut | $0.108 → $0.104 | −3.7% |
| Nov 3, 2000 | Raise | $0.107 → $0.108 | +1.6% |
| Feb 4, 1999 | Raise | $0.105 → $0.107 | +1.6% |
| Nov 13, 1997 | Raise | $0.103 → $0.105 | +1.6% |
| Nov 13, 1996 | Raise | $0.102 → $0.103 | +1.6% |
| Nov 9, 1995 | Raise | $0.100 → $0.102 | +1.7% |
| May 10, 1993 | Raise | $0.0958 → $0.100 | +4.3% |
| Feb 10, 1992 | Raise | $0.0917 → $0.0958 | +4.5% |
| Nov 5, 1990 | Raise | $0.0883 → $0.0917 | +3.8% |
| Aug 1, 1989 | Raise | $0.0842 → $0.0883 | +4.9% |
| Nov 5, 1987 | Raise | $0.0792 → $0.0842 | +6.3% |
Frequently Asked Questions
Is AWR a good dividend stock?
Yes. American States Water Company (AWR) pays a quarterly dividend yielding 2.61% ($2.18/yr), with 23 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is AWR undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, AWR's fair value is about $73.51 versus a $83.45 share price — so it looks fairly valued (-12% vs. fair value).
Is AWR's dividend safe?
AWR has a dividend-safety grade of A (91/100), based on its payout coverage, free-cash-flow, 23-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is AWR's fair value?
Our blended fair-value estimate for AWR is about $73.51 per share, about 12% below the current $83.45 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is AWR a buy, hold, or sell?
We don't issue formal ratings, but on the data AWR screens as "yes" and fairly valued. American States Water Company (AWR) pays a quarterly dividend yielding 2.61% ($2.18/yr), with 23 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will AWR cut its dividend?
AWR earns a dividend-safety grade of A (91/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does AWR pay a dividend?
Yes. American States Water Company pays a quarterly dividend of about $2.18 per share annually, a forward yield of roughly 2.61%.
What is AWR's dividend yield?
As of Oct 18, 2026, AWR's forward dividend yield is 2.61%, based on a $2.18 annual dividend and a $83.45 share price.
What is AWR's dividend per share?
As of Oct 18, 2026, AWR pays $2.18 per share per year, distributed on a quarterly basis.
What is AWR's dividend payout ratio?
As of Oct 18, 2026, AWR's payout ratio is 55% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has AWR grown its dividend?
As of Oct 18, 2026, AWR has increased its dividend for 23 consecutive years.
When is the next AWR ex-dividend date?
As of Oct 18, 2026, AWR's next ex-dividend date hasn't been announced. The most recent was Aug 17, 2026, for $0.55 per share.
AWR Price — Last 12 Months
Daily close
Price Return
1 Year
+13%
3 Years
+4%
5 Years
-11%
52-Week Range
$69.45 – $91.72
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is AWR worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for American States Water Company is $73.51 per share, versus a market price of $83.45. That implies the stock is roughly fairly priced.
Fair Value
$73.51
Current Price
$83.45
Gap
-12%
Margin of Safety
-14%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 9.2% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 9.2% growth for five years fading to 2.5% over the next five, $3.65 EPS, $2.18 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
AWR Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full AWR dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 17, 2026 | Sep 2, 2026 | $0.5460 | regular |
| May 18, 2026 | Jun 2, 2026 | $0.5040 | regular |
| Feb 23, 2026 | Mar 5, 2026 | $0.5040 | regular |
| Nov 14, 2025 | Dec 2, 2025 | $0.5040 | regular |
| Aug 15, 2025 | Sep 3, 2025 | $0.5040 | regular |
| May 19, 2025 | Jun 3, 2025 | $0.4660 | regular |
| Feb 18, 2025 | Mar 3, 2025 | $0.4660 | regular |
| Nov 15, 2024 | Dec 2, 2024 | $0.4660 | regular |
| Aug 16, 2024 | Sep 3, 2024 | $0.4660 | regular |
| May 17, 2024 | Jun 3, 2024 | $0.4300 | regular |
| Feb 16, 2024 | Mar 1, 2024 | $0.4300 | regular |
| Nov 14, 2023 | Dec 1, 2023 | $0.4300 | regular |
| Aug 14, 2023 | Sep 1, 2023 | $0.4300 | regular |
| May 18, 2023 | Jun 1, 2023 | $0.3980 | regular |
Income Calculator
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