California Water Service Group (CWT) will raise its quarterly dividend by 7.6 percent to $0.2125 per common share in the first quarter of 2020. This represents the company’s 53rd consecutive annual dividend increase.
The quarterly dividend of $0.2125 per common share will be payable on February 21, 2020 to stockholders of record on February 10, 2020. A new annual dividend rate of 85 cents per share yields 1.6% at a stock price of $52.56.
California Water Service Group is the parent company of California Water Service, Washington Water Service, New Mexico Water Service, Hawaii Water Service, CWS Utility Services, and HWS Utility Services. Together, these companies provide regulated and non-regulated water service to nearly 2 million people in California, Washington, New Mexico, and Hawaii.
2022