American States Water (NYSE: AWR) rather quietly raised its dividend by 8.2% last month. This pay ***** p extended its dividend growth streak to an impressive 72 straight years. That kept its name at the top of the Dividend Kings list as it remains one of fewer than 60 companies with 50 or more years of annual dividend increases. The sleepy water utility has now paid 361 consecutive quarterly dividends.
Here's why more investors should be talking about this boring utility stock.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
American States Water doesn't have the name recognition of other Dividend Kings, like Coca-Cola or Johnson & Johnson, because it's not an iconic consumer brand. Instead, it's easily confused with another water utility, American Water Works, which is the largest regulated water and wastewater utility in the country with over 14 million customers across 14 states.
American States Water, on the other hand, has 1 million customers in 10 states. It operates two utilities, Golden State Water Company and Bear Valley Electric Services, which provide regulated water and electricity services to customers in California. It also owns American States Utility Services, which operates and maintains water distribution, wastewater collection, and treatment facilities at 12 military bases under long-term contracts. Those boring businesses generate very stable cash flow.
#states
Here's why more investors should be talking about this boring utility stock.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
American States Water doesn't have the name recognition of other Dividend Kings, like Coca-Cola or Johnson & Johnson, because it's not an iconic consumer brand. Instead, it's easily confused with another water utility, American Water Works, which is the largest regulated water and wastewater utility in the country with over 14 million customers across 14 states.
American States Water, on the other hand, has 1 million customers in 10 states. It operates two utilities, Golden State Water Company and Bear Valley Electric Services, which provide regulated water and electricity services to customers in California. It also owns American States Utility Services, which operates and maintains water distribution, wastewater collection, and treatment facilities at 12 military bases under long-term contracts. Those boring businesses generate very stable cash flow.
#states
2 days ago
