Water Investment Ideas

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American States Water Company (AWR) - >>> American States Water Company is a diversified utility company with several subsidiaries and three segments, including water, electric, and contracted services.

As of the end of 2020, the company's regulated utilities had 261,796 water customers and 24,545 electric customers. It also has a number of military contracts.

A majority of its revenue comes from Golden State Water Company, which is a subsidiary involved in the purchasing, production, and distribution of water in 10 California counties.

Like other utilities, American States Water Company benefits from a lack of competition. However, its growth has been modest in recent years, with revenue increasing 3% from 2019 to 2020.

American States Water Company has been less acquisitive than other water utilities, although its profits grew significantly from $1.62 per share in 2016 to $2.33 in 2020. The company has kept costs relatively flat even as rates have ticked up.

The company has been a reliable dividend payer, offering a dividend yield of 1.5% as of December 2021.

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