California Water Service Group (CWT) To Go Ex-Dividend on November 9th

California Water Service Group (NYSE:CWT) declared a quarterly dividend on Wednesday, October 28th. Shareholders of record on Monday, November 9th will be given a dividend of $0.3350 per share by the utilities provider on Friday, November 20th. This represents a $1.34 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, November 9th.

California Water Service Group has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 59 years. California Water Service Group has a dividend payout ratio of 52.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect California Water Service Group to earn $2.71 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 49.4%.

California Water Service Group Stock Up 0.4%

Shares of NYSE:CWT opened at $51.01 on Friday. The stock has a market capitalization of $3.21 billion, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 0.77. California Water Service Group has a 12-month low of $41.29 and a 12-month high of $53.82. The stock’s 50-day moving average price is $47.56 and its 200-day moving average price is $46.78.

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 7.75% and a net margin of 12.78%. The firm had revenue of $332.17 million during the quarter, compared to analysts’ expectations of $332.17 million. During the same period last year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities analysts anticipate that California Water Service Group will post 2.53 earnings per share 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.