American States Water Co. raised its quarterly cash dividend by 10.9% to 30.5 cents per share from 27.5 cents per share.

The dividend, which equates to $1.22 per share on an annualized basis, is payable Sept. 3 to shareholders of record as of Aug. 15.

"A strong and increasing dividend allows the company to continue to attract capital to make necessary investments in the utility infrastructure for the communities and military bases that we serve," President and CEO Robert Sprowls said.