American States Water increases quarterly dividend to 22.4c per share Yesterday, the Board of Directors of American States Water Company approved an increase in AWR’s third quarter cash dividend from 21.3c to 22.4c per share on the common shares of the company. The annualized dividend rate after this increase is 89.6c per share, which represents a 5.2% increase from the current annualized dividend rate of 85.2c per share. This action marks the 317th consecutive dividend payment by the company. For 61 consecutive years, American States Water company shareholders have received an increase in their calendar year dividend. Dividends on the common shares will be payable on September 1, 2015 to shareholders of record at the close of business on August 14, 2015.