Dividend Champion American States Water Faces Market Headwinds

Shares of American States Water are experiencing a notable downturn, creating a puzzling scenario for investors. The utility company, renowned for its exceptional dividend history, continues to reinforce its status as a premier income stock. However, the market’s recent reaction tells a different story, with the stock price trending downward despite the company announcing its 71st consecutive annual dividend increase.

All eyes are on the upcoming quarterly report scheduled for November 5th. This release is poised to be a pivotal moment for the company, especially after its second-quarter performance fell short of market expectations. For Q2, American States Water reported earnings per share of $0.87, missing the analyst forecast of Read more...