Company Profile
American States Water Co is water and utilities holding company based in California. The segments of the firm include water, electric, and contracted services. Within these segments, American States Water conducts water and electric operations through Golden State Water Company and contracted services through American States Utility Services and its subsidiaries. Golden State Water conducts its operations across various counties in California and is regulated by the California Public Utilities Commission. American States Utility Services has contracted with the U.S. government to provide water services to various military installations. The majority of the company s revenue is derived from water services, primarily from commercial and residential customers.
American States Water Co. Q4 Income Climbs
WASHINGTON (dpa-AFX) - American States Water Co. (AWR) released earnings for its fourth quarter that climbed from last year.
The company s earnings came in at $20.21 million, or $0.54 per share. This compares with $16.70 million, or $0.45 per share, in last year s fourth quarter.
Analysts had expected the company to earn $0.47 per share, according to figures compiled by Thomson Reuters. Analysts estimates typically exclude special items.
The company s revenue for the quarter rose 9.9% to $124.20 million from $112.99 million last year.
American States Water Co. earnings at a glance:
-Earnings (Q4): $20.21 Mln. vs. $16.70 Mln. last year.
-EPS (Q4): $0.54 vs. $0.45 last year.
By Robert Ross
A few years back, I was in Brussels, Belgium, enjoying a beer with a friend. The same beer they served at his primary school.
I thought he was kidding. Then he explained that Belgian teens were enjoying beer in primary schools as recently as 1991.
You can trace this quirky custom back to the Middle Ages, when monks figured out that drinking beer was way safer than drinking the water. The distillation process killed off the disease-carrying bacteria that was commonly found in the drinking water.
Schools picked up the idea, and Belgian kids were soon drinking low-alcohol beer called
30 Dividend Kings of 2021 (Part II)
Dividend Yield: 1.65%
Illinois-based Dover manufactures industrial products such as pipeline components, fuel pumps and food-service systems. In August 2020, the company increased its annual cash dividend for the 65th consecutive year. In the fourth quarter, Dover’s net earnings increased by 8% to reach $182 million.
A total of 40 hedge funds in Insider Monkey’s database held long positions in Dover at the end of the third quarter.
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Dividend Yield: 1.68%
American States Water is one of the top 30 dividend kings of 2021.
American States Water is a water service company that has consistently increased its dividend over the last 66 years. In the third quarter, the company posted GAAP EPS of $0.72, missing the consensus by $0.04. Revenue in the period totaled $133.69 million, below the Street estimates by $18.4 million. A total of 21 hedge funds tracked by Insider Monkey held stakes in AWR at the end of the