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American States Water Company Announces an 8.3% Increase in Quarterly Dividend

• Quarterly dividend rate has grown at a CAGR of 8.5% over the last five years

SAN DIMAS/news/AWR/, Calif.--(BUSINESS WIRE)-- On July 29/news/AWR/, 2025/news/AWR/, the Board of Directors of American States Water Company (NYSE:AWR) approved an increase in the company鈥檚 third quarter cash dividend to $0.5040 per share from $0.4655 per share on the common shares of the company. The annualized dividend rate after this increase is $2.016 per share/news/AWR/, which represents an 8.3% increase from the current annualized dividend rate of $1.862 per share. This action marks the 357^th consecutive dividend payment by the company. American States Water Company has paid dividends every year since 1931/news/AWR/, increasing the dividends received by shareholders each calendar year for 71 consecutive years/news/AWR/, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. The company has grown its quarterly dividend rate at a compound annual growth rate (CAGR) of 8.5% over the last five years since the third quarter of 2020 and is on pace to achieve a 10-year CAGR of 8.3% in its calendar year dividend payments through 2025. The company鈥檚 current policy is to achieve a compound annual growth rate in the dividend of more than 7% over the long-term.

鈥淥ur company is committed to long-term sustainable earnings growth and this significant dividend increase is a reflection of our board of directors鈥� confidence in our ability to achieve that commitment/news/AWR/,鈥� said Robert J. Sprowls/news/AWR/, President and CEO of American States Water Company. 鈥淎chieving strong and consistent financial results along with providing a growing dividend allows the company to continue to attract capital to make necessary investments in the utility infrastructure for the communities and military bases that we serve/news/AWR/, while continuing to deliver value to our shareholders.鈥�

Dividends on the common shares will be payable on September 3/news/AWR/, 2025 to shareholders of record at the close of business on August 15/news/AWR/, 2025.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can often be identified by words such as 鈥渁nticipate/news/AWR/,鈥� 鈥渆stimate/news/AWR/,鈥� 鈥渆xpect/news/AWR/,鈥� 鈥渋ntend/news/AWR/,鈥� 鈥渕ay/news/AWR/,鈥� 鈥渟hould鈥� and similar phrases and expressions/news/AWR/, and variations or negatives of these words. They are not guarantees or assurances of any outcomes/news/AWR/, financial results/news/AWR/, levels of activity/news/AWR/, performance or achievements/news/AWR/, and readers are cautioned not to place undue reliance upon them. The forward-looking statements are subject to a number of estimates and assumptions/news/AWR/, and known and unknown risks/news/AWR/, uncertainties and other factors/news/AWR/, including those described in greater detail in the company鈥檚 filings with the SEC/news/AWR/, particularly those described in the company鈥檚 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are encouraged to review the company鈥檚 filings with the SEC for a more complete discussion of risks and other factors that could affect any forward-looking statements. The statements made herein speak only as of the date of this press release and except as required by law/news/AWR/, the company does not undertake any obligation to publicly update or revise any forward-looking statement.

About American States Water Company

American States Water Company is the parent of Golden State Water Company/news/AWR/, Bear Valley Electric Service/news/AWR/, Inc. and American States Utility Services/news/AWR/, Inc./news/AWR/, serving over one million people in ten states. Through its water utility subsidiary/news/AWR/, Golden State Water Company/news/AWR/, the company provides water service to approximately 265/news/AWR/,000 customer connections located within more than 80 communities in Northern/news/AWR/, Coastal and Southern California. Through its electric utility subsidiary/news/AWR/, Bear Valley Electric Service/news/AWR/, Inc./news/AWR/, the company distributes electricity to approximately 25/news/AWR/,000 customer connections in the City of Big Bear Lake and surrounding areas in San Bernardino County/news/AWR/, California. Through its contracted services subsidiary/news/AWR/, American States Utility Services/news/AWR/, Inc./news/AWR/, the company provides operations/news/AWR/, maintenance and construction management services for water distribution/news/AWR/, wastewater collection/news/AWR/, and treatment facilities located on twelve military bases throughout the country under 50-year privatization contracts with the U.S. government and one military base under a 15-year contract.

View source version on businesswire.com:

Eva G. Tang

Senior Vice President - Finance/news/AWR/, Chief Financial

Officer/news/AWR/, Corporate Secretary and Treasurer

(909) 394-3600/news/AWR/, extension 707

Source: American States Water Company