The Board of Directors of American States Water Company approved a 14.1% increase in its third quarter cash dividend from $0.355 per share to $0.405 per share on the common shares of the company. This increase is equivalent to $0.20 per share above its current annualized dividend rate of $1.42 to $1.62. For 59 consecutive years, American States Water Company shareholders have received an increase in their aggregate annual dividend. Dividends on the common shares will be payable on September 3, 2013 to shareholders of record at the close of business on August 15, 2013. The increased September 3, 2013 dividend will be applied to the shares prior to the stock split discussed below.

American States Water Company reported un-audited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net income of $13.5 million, or basic and fully diluted earnings of $0.69 per share as compared to net income of $10.1 million, or basic and fully diluted earnings of $0.53 per share for the quarter ended March 31, 2012, a 30.2% increase in diluted earnings per share. The company reported total operating revenues of $110.6 million compared to $106.9 million, operating income of $28.0 million compared to $23.4 million and income before income tax expense of $22.7 million compared to $17.7 million last year.

American States Water Company, Q1 2013 Earnings Call, May 10, 2013