American States Water Co (NYSE:AWR) Plans Dividend Increase – $0.34 Per Share

published 30.07.2020 14:24

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Finally, UBS Group increased their price objective on shares of American States Water from $65.00 to $70.00 and gave the company a “sell” rating in a research note on Monday, June 22nd.

Wells Fargo & Co dropped their price target on American States Water from $84.00 to $76.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th.

Equities research analysts expect American States Water to earn $2.43 per share next year, which means the company should continue to be able to cover its $1.22 annual dividend with an expected future payout ratio of 50.2%.

American States Water has increased its dividend payment by an average of 26.9% per year over the last three years and has increased its dividend annually for the last 65 consecutive years.

by Matthew Granger from theolympiareport.com

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