On August 1, 2023, the Board of Directors of American States Water Company approved an increase in the company?s third quarter cash dividend from $0.3975 per share to $0.4300 per share on the common shares of the company. The annualized dividend rate after this increase is $1.72 per share, which represents an 8.2% increase from the current annualized dividend rate of $1.59 per share. Dividends on the common shares will be payable on September 1, 2023 to shareholders of record at the close of business on August 15, 2023.