American States Water Company: 68 Years Of Inflation-Beating Dividend Growth

Utility stocks are known for their consistent and dependable dividends.

And American States Water Company ($AWR) has the longest dividend growth streak out of any company in the United States. What’s more, this isn’t some stodgy old business that shills out the token 1% annual raise to appease its shareholders.

American States Water Company has consistently hiked their dividend at a rate that outpaces inflation. In fact, the company recently issued a 8.3% dividend increase at the start of this month.

Today’s article examines American States Water Company’s current valuation and whether or not it’s a good investment.

What Does American States Water Company Do?

American States Water Company provides regulated water and electrical services to over one million customers across nine different states. This is a pretty straightforward utility business with dependable, recurring revenue. People who live within American States Water Company’s jurisdiction need water and power. And they pay American States Water Company every month for these services.

While many investors scoff at utility stocks for being old and boring, the sector is the original subscription service…