California Water Service Group (CWT) To Go Ex-Dividend on August 10th

California Water Service Group (NYSE:CWT) declared a quarterly dividend on Wednesday, July 29th. Investors of record on Monday, August 10th will be given a dividend of 0.335 per share by the utilities provider on Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, August 10th.

California Water Service Group has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 59 consecutive years. California Water Service Group has a dividend payout ratio of 52.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect California Water Service Group to earn $2.74 per share next year, which means the company should continue to be able to cover its $1.34 annual dividend with an expected future payout ratio of 48.9%.

California Water Service Group Stock Down 2.4%

CWT opened at $50.51 on Friday. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 1.90 and a beta of 0.51. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.65 and a current ratio of 0.69. The firm’s fifty day moving average is $47.76 and its 200 day moving average is $45.96. California Water Service Group has a fifty-two week low of $41.29 and a fifty-two week high of $53.82.

California Water Service Group (NYSE:CWT) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. The business had revenue of $308.60 million during the quarter, compared to analyst estimates of $283.50 million. California Water Service Group had a return on equity of 7.06% and a net margin of 11.77%.California Water Service Group’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 EPS. On average, sell-side analysts forecast that California Water Service Group will post 2.56 earnings per share for the current fiscal year.

California Water Service Group Company Profile

California Water Service Group (NYSE: CWT) is a publicly traded holding company that provides regulated water utility services through its subsidiaries. The company delivers safe, reliable drinking water and wastewater management to residential, commercial, industrial and municipal customers across California, Hawaii and New Mexico. Its principal operating units include California Water Service, New Mexico Water Service and Hawaii Water Service, each responsible for end?to?end water supply operations—from source development and treatment to distribution and customer service.

Founded in 1926 as the California Water Service Company, the group has grown to become one of the largest investor?owned water utilities in the United States by customer count.