American States Water (AWR) Raises Dividend by 8.2%, 72 Years Straight

American States Water (AWR) raised its dividend by 8.2% last month, extending its dividend growth streak to 72 years. The company has paid 361 consecutive quarterly dividends and is among fewer than 60 companies with over 50 years of annual dividend increases. In 2023, the company plans to invest between $185 million and $220 million to support rising demand for water and power. With a current yield of approximately 2.5% and a projected 7% compound annual dividend growth, the company remains stable and may interest long-term investors.