American States Water Stock To Go Ex-dividend Tomorrow (AWR)

NEW YORK ( TheStreet) -- The ex-dividend date for American States Water (NYSE: AWR) is tomorrow, May 10, 2012. Owners of shares as of market close today will be eligible for a dividend of 28 cents per share. At a price of $36.83 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for American States Water has been 109,600 shares per day over the past 30 days. American States Water has a market cap of $693.8 million and is part of the utilities sector and utilities industry. Shares are up 6.2% year to date as of the close of trading on Tuesday.

American States Water Company, together with its subsidiaries, provides water, electric, and contracted services in the United States. The company has a P/E ratio of 15.4, above the average utilities industry P/E ratio of 15.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates American States Water as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, notable return on equity, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full American States Water Ratings Report.

See our dividend calendar or top-yielding stocks list.
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