NYSE:AWR

American States Water Company is the parent company of Golden State Water Company (accounting for ~75% of total earnings) and American States Utility Services (~25%) serving over one million people in nine states. It is an investor-owned public utility holding company and ranks amongst the ten best water utilities in the USA. The utility company serves 261,000 water customers and 24,000 electric customers in California. It operates through water, electric and contracted services segments. American States Water Company has a long corporate history dating back to more than a century. Besides its core utility services, it also provides water utility services and wastewater systems to military bases under a 50-year service contract. American States Water Company’s primary water utility business is a steady cash generator. It has paid increasing dividends every year for an astounding 65 years and is a Dividend King list with 50+ consecutive years of dividend increases. Operations in a constructive regulatory environment in California along with a growing unregulated contracted services business serving military bases under 50-year contracts provides enough visibility to future cash flows.