California Water Service Group (NYSE:CWT) Plans Quarterly Dividend of $0.34

California Water Service Group (NYSE:CWT) declared a quarterly dividend on Wednesday, October 28th. Investors of record on Monday, November 9th will be paid a dividend of $0.3350 per share by the utilities provider on Friday, November 20th. This represents a $1.34 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, November 9th.

California Water Service Group has increased its dividend 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 $2.72 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 49.3%.

California Water Service Group Stock Down 1.5%

CWT opened at $47.09 on Thursday. The business has a 50 day moving average price of $47.65 and a two-hundred day moving average price of $46.62. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 0.81. The company has a market cap of $2.91 billion, a PE ratio of 21.21, a P/E/G ratio of 1.70 and a beta of 0.48. California Water Service Group has a 52 week low of $41.29 and a 52 week high of $53.82.

California Water Service Group (NYSE:CWT) last posted its quarterly earnings data on Thursday, October 29th. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.11). California Water Service Group had a return on equity of 7.74% and a net margin of 12.63%. The company had revenue of $332.17 million for the quarter, compared to analyst estimates of $332.17 million. As a group, research analysts anticipate that California Water Service Group will post 2.57 EPS for the current year.

About California Water Service Group

California Water Service Group (NYSE:CWT) is a holding company that provides water utility services through its regulated operating subsidiaries. The company supplies clean water for residential, commercial, industrial and institutional customers, and its operations include the production, treatment, storage, distribution and delivery of water. Some of its subsidiaries also provide wastewater collection and treatment services.

The company’s principal subsidiary, California Water Service Company, serves communities throughout California.