American States Water Company
AWR23 yrs growthUtilities · Stock · quarterly payer
Forward Yield
2.46%
Annual Dividend
$2.18
Payout Ratio
55%
5-Yr Growth
8.7%
Ex-Date
Aug 17, 2026
Frequency
Quarterly
Summary
As of September 2026, American States Water Company (AWR) yields 2.46% ($2.18 per share annually), with a blended fair-value estimate of $68.15 — -23% downside, so it screens as overvalued. Dividend safety grade: A (91/100). 23 years of dividend growth.
Is AWR a good dividend stock?
YesAmerican States Water Company (AWR) pays a quarterly dividend yielding 2.46% ($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
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.46%
- 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
- 0.56
- Market Cap
- $3.5B
- P/E Ratio
- 24.2
- 5-Yr Total Return
- 4%
- 52-Week Range
- $69.45 – $91.72
- Dividend Safety
- A · 91/100
- Ever Cut?
- No
Frequently Asked Questions
AWR Price — Last 12 Months
Daily close
Price Return
1 Year
+21%
3 Years
+13%
5 Years
+4%
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?
Overvaluedmedium confidenceOur blended fair-value estimate for American States Water Company is $68.15 per share, versus a market price of $88.53. That implies 23% of downside.
Fair Value
$68.15
Current Price
$88.53
Downside
-23%
Margin of Safety
-30%
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 7.4% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.1% discount rate (CAPM), 7.4% stage-1 growth, 2.5% terminal growth, $3.66 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 17, 2026 | — | $0.5460 | regular |
| May 18, 2026 | — | $0.5040 | regular |
| Feb 23, 2026 | — | $0.5040 | regular |
| Nov 14, 2025 | — | $0.5040 | regular |
| Aug 15, 2025 | — | $0.5040 | regular |
| May 19, 2025 | — | $0.4660 | regular |
| Feb 18, 2025 | — | $0.4660 | regular |
| Nov 15, 2024 | — | $0.4660 | regular |
| Aug 16, 2024 | — | $0.4660 | regular |
| May 17, 2024 | — | $0.4300 | regular |
| Feb 16, 2024 | — | $0.4300 | regular |
| Nov 14, 2023 | — | $0.4300 | regular |
| Aug 14, 2023 | — | $0.4300 | regular |
| May 18, 2023 | — | $0.3980 | regular |
Income Calculator
At $2.18 / yr per share
