American States Water Company Announces Regular Common Dividends

SAN DIMAS, Calif.–(BUSINESS WIRE)–On January 30, 2018, the Board of Directors of American States Water
Company (NYSE:AWR) approved a quarterly dividend of $0.255 per share on
the Common Shares of the company. This action marks the 327th
consecutive dividend payment by the company. For 63 consecutive years,
American States Water Company shareholders have received an increase in
their calendar year dividend, which places it in an exclusive group of
companies on the New York Stock Exchange that have achieved that result.

Dividends on the Common Shares will be payable on March 1, 2018 to
shareholders of record at the close of business on February 15, 2018.

About American States Water Company

American States Water Company is the parent of Golden State Water
Company and American States Utility Services, Inc. Through its utility
subsidiary, Golden State Water Company, AWR provides water service to
approximately 259,000 customers located throughout 10 counties in
Northern, Coastal and Southern California. The company also distributes
electricity to approximately 24,000 customers in the City of Big Bear
Lake and surrounding areas in San Bernardino County, California. Through
its contracted services subsidiary, American States Utility Services,
Inc., the company provides operations, maintenance and construction
management services for water and wastewater systems located on military
bases throughout the country under 50-year privatization contracts with
the U.S. government.

American States Water Company has paid dividends to shareholders every
year since 1931, increasing the dividends received by shareholders each
calendar year since 1954.

Contacts

American States Water Company
Eva G. Tang
Senior Vice
President – Finance, Chief Financial Officer,
Treasurer and
Corporate Secretary
(909) 394-3600, extension 707