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CWT California Water Service Group dividend history, payout ratio & dates

  1. Stocks
  2. Utilities
  3. NYSE: CWT
  4. Dividend

California Water Service Group's most recent quarterly dividend was on Feb 9, 2024 (ex-date) with a cash dividend payment of $0.28 per share. On an annualized basis, the company has a current payout of $1.06 per share. This brings the dividend yield to 2.28% based on its recent close price. The latest dividend has increased by $0.02, or 8% from the prior payment.

Key dates

  • CWT last dividend date: Feb 9, 2024
  • CWT next dividend date: Not announced
Peer dividends: AWR AWK YORW SJW ARTNA
CWT dividend stats
DPS
$1.06
Dividend yield
2.27%
Payout ratio
116.5%
vs. Utilities sector
Dividend yield
3.48%
Payout ratio
66.2%

Dividend yield

What is California Water Service Group current dividend yield

CWT has a dividend yield of 2.28% which is lower than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 3.48%, California Water Service Group's dividend yield is 34% lower. The current dividend yield is higher than the historical average of 1.7% of the last 5 years.

Dividend history

What is CWT dividend payout history and dates

California Water Service Group has been paying dividends since 1995. CWT has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 5% for the last twelve months. And since the stock price has gone down by 20% from a year ago, the dividend yield has increased by 31%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Feb 9, 2024 Feb 23, 2024 Jan 25, 2024 $0.28 normal
Nov 3, 2023 Nov 17, 2023 Oct 25, 2023 $0.26 normal
Aug 4, 2023 Aug 18, 2023 Jul 26, 2023 $0.26 normal
May 5, 2023 May 19, 2023 Apr 26, 2023 $0.26 normal
Feb 3, 2023 Feb 17, 2023 Jan 25, 2023 $0.26 normal
Nov 4, 2022 Nov 18, 2022 Oct 26, 2022 $0.25 normal
Aug 5, 2022 Aug 19, 2022 Jul 27, 2022 $0.25 normal
May 6, 2022 May 20, 2022 Apr 27, 2022 $0.25 normal
Feb 4, 2022 Feb 18, 2022 Jan 26, 2022 $0.25 normal
Nov 5, 2021 Nov 19, 2021 Oct 27, 2021 $0.23 normal
Aug 6, 2021 Aug 20, 2021 Jul 28, 2021 $0.23 normal
May 7, 2021 May 21, 2021 Apr 28, 2021 $0.23 normal
Feb 5, 2021 Feb 19, 2021 Jan 27, 2021 $0.23 normal
Nov 6, 2020 Nov 20, 2020 Oct 28, 2020 $0.213 normal
Aug 7, 2020 Aug 21, 2020 Jul 29, 2020 $0.213 normal
May 8, 2020 May 22, 2020 Apr 29, 2020 $0.213 normal
Feb 7, 2020 Feb 21, 2020 Jan 29, 2020 $0.213 normal
Nov 7, 2019 Nov 22, 2019 Oct 30, 2019 $0.198 normal
Aug 9, 2019 Aug 23, 2019 Jul 31, 2019 $0.198 normal
May 3, 2019 May 17, 2019 Apr 24, 2019 $0.198 normal
Feb 8, 2019 Feb 22, 2019 Jan 30, 2019 $0.198 normal
Nov 8, 2018 Nov 23, 2018 Oct 31, 2018 $0.188 normal
Aug 3, 2018 Aug 17, 2018 Jul 25, 2018 $0.188 normal
May 4, 2018 May 18, 2018 Apr 25, 2018 $0.188 normal
Feb 9, 2018 Feb 23, 2018 Jan 31, 2018 $0.188 normal
Nov 3, 2017 Nov 17, 2017 Oct 25, 2017 $0.18 normal
Aug 3, 2017 Aug 18, 2017 Jul 26, 2017 $0.18 normal
May 4, 2017 May 19, 2017 Apr 26, 2017 $0.18 normal
Feb 2, 2017 Feb 17, 2017 Jan 25, 2017 $0.18 normal
Nov 3, 2016 Nov 18, 2016 Oct 26, 2016 $0.173 normal
Aug 4, 2016 Aug 19, 2016 Jul 27, 2016 $0.173 normal
May 5, 2016 May 20, 2016 Apr 27, 2016 $0.173 normal
Feb 4, 2016 Feb 19, 2016 Jan 27, 2016 $0.173 normal

California Water Service Group dividend payout ratio

What is California Water Service Group dividend payout ratio compared to the sector

Payout ratio

CWT has a payout ratio of 116.5% which is higher than the Utilities sector, the industry and its peers average. If we compare it with the Utilities sector average of 66.2%, California Water Service Group's payout ratio is 76% higher.

Total amount of dividends paid per financial year (from cash flow)

CWT dividend vs peer dividends

How does CWT dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
ARTNA Artesian Resources Corp 3.35% $1.15 68.7%
SJW Sjw Group 2.83% $1.54 57.2%
AWR American States Water Co 2.41% $1.69 50.1%
AWK American Water Works Company Inc 2.35% $2.83 57.8%
YORW York Water Co 2.33% $0.83 49.8%
CWT California Water Service Group 2.27% $1.06 116.5%

Frequently asked questions

Does California Water Service Group pay a dividend?

Yes, California Water Service Group has paid four dividends in the last twelve months. CWT has been paying dividends since 1995.

When is California Water Service Group's next dividend?

CWT hasn't announced its next dividend date yet, but if we take into consideration its recent dividend schedule, it is likely that its next dividend will be in May 2024.

When was CWT's last dividend?

California Water Service Group's last regular dividend was on Feb 9, 2024 (ex-date) with the amount of $0.28 per share.

How much dividend does California Water Service Group pay (per share)?

On an annual basis CWT pays $1.06 per share.

What is California Water Service Group's dividend yield?

California Water Service Group's current dividend yield is 2.28%.

How often does California Water Service Group pay dividends?

California Water Service Group pays four dividends per year.

What is California Water Service Group's dividend payout ratio?

The dividend payout ratio of California Water Service Group is 116.5%.

Does California Water Service Group pay a good dividend?

California Water Service Group's dividend yield is lower than the Utilities sector average.