72-Year Dividend Streak: Why American States Water Is Flying Under the Radar

One company has consistently raised its dividend for 72 straight years, yet remains relatively unknown to investors. American States Water (NYSE: AWR) has quietly increased its dividend by 8.2% in recent months, extending its impressive streak and solidifying its position as one of fewer than 60 companies with 50 or more years of annual dividend increases.

As a regulated water utility, American States Water operates under the radar compared to iconic consumer brands like Coca-Cola and Johnson & Johnson. However, it has 1 million customers in 10 states and generates stable cash flow through its regulated utilities plan, which involves investing $185 million to $220 million this year to support continued demand growth.

The company's steady earnings growth and 8.7% compound annual dividend growth rate over the last decade have driven a 10.4% annualized total return. With a current yield of roughly 2.5%, American States Water is an attractive option for income investors seeking consistent dividends.