California Water Service Group Board of Directors Announces 59th Annual Dividend Increase and Declares 324th Consecutive Quarterly Dividend

California Water Service Group (NYSE:CWT) declared its 324th consecutive quarterly dividend of $0.3350 per common share, payable February 20, 2026, to holders of record February 9, 2026.

Rhea-AI Summary

California Water Service Group (NYSE:CWT) declared its 324th consecutive quarterly dividend of $0.3350 per common share, payable February 20, 2026, to holders of record February 9, 2026.

The Board also announced an 8% annual dividend increase to $1.34 from $1.20 (plus a $0.04 special dividend in 2025) as part of the company’s Centennial Celebration.

Positive

• Declared 324th consecutive quarterly dividend of $0.3350 per share
• Board approved an 8% annual dividend increase to $1.34 per share

Negative

• Annual dividend rise equals $0.10 additional per share, modest near-term cash outflow

Argus Jan 29 session

+1.95% close to close Open Argus

Details

News Market Reaction – CWT

On Jan 29, the first trading day after this news, CWT closed 1.95% above the previous close.

Data tracked by StockTitan Argus for the Jan 29 session.

Market Context

This announcement reinforces CWT’s income profile, with the Board targeting an annual dividend of $1...

Analysis

This announcement reinforces CWT’s income profile, with the Board targeting an annual dividend of $1.34 and extending its streak to a 59th consecutive annual increase and 324 straight quarterly payments. Historically, similar management/dividend news has produced modest, mixed price moves. Investors monitoring this story may focus on how future rate decisions, capital needs, and insider activity interact with the richer dividend payout over time.

Key Figures

Quarterly dividend: $0.3350 per share Record date: February 9, 2026 Annual dividend 2026: $1.34 per share +5 more

Quarterly dividend

$0.3350 per share

324th consecutive quarterly dividend payable Feb 20, 2026

Record date

February 9, 2026

Stockholders of record eligible for the declared dividend

Annual dividend 2026

$1.34 per share

Board intent for 2026 annual dividend, up from 2025 level

Dividend increase

8% or $0.10

Increase versus $1.20 annual dividend paid in 2025

2025 annual dividend

$1.20 per share

Regular annual dividend paid in 2025

Special dividend 2025

$0.04 per share

One-time special dividend paid in 2025

Consecutive dividends

324 quarters

Current declaration marks 324th consecutive quarterly payout

Annual increase streak

59 years

59th consecutive annual dividend increase

Previous Management,dividends Reports

5 past events · Latest: Oct 29

Same Type 5 events

1. Oct 29

   Dividend declaration

   24h Move

   -4.8%

   Declared 323rd consecutive quarterly dividend of $0.30 per share.

2. Jul 30

   Dividend declaration

   24h Move

   +1.3%

   Announced 322nd consecutive quarterly dividend of $0.30 per share.

3. Apr 30

   Dividend declaration

   24h Move

   -0.8%

   Declared 321st consecutive quarterly dividend of $0.30 per share.

4. Jan 29

   Dividend & special

   24h Move

   +0.5%

   Declared 320th dividend at $0.30 and a $0.04 one-time special dividend.

5. Oct 30

   Dividend declaration

   24h Move

   +1.3%

   Declared 319th consecutive quarterly dividend of $0.28 per share.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

special dividend

1 terms

special dividend financial

"compared to the $1.20 annual dividend and $0.04 special dividend paid in 2025"

A special dividend is a one-time payment made by a company to its shareholders, usually when it has accumulated excess profits or cash. It is like a bonus or a reward for investors, often signaling that the company has extra funds available. This type of dividend matters because it can indicate a company's financial health or a significant change in its cash situation.

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SAN JOSE, Calif., Jan. 28, 2026 (GLOBE NEWSWIRE) -- To kick off its Centennial Celebration, California Water Service Group (NYSE:CWT) declared its 324^th consecutive quarterly dividend in the amount of $0.3350 per common share, payable on February 20, 2026, to stockholders of record as of the close of business on February 9, 2026. The quarterly dividend increase follows the Board of Directors’ announcement of its intent to increase the annual dividend by 8% or $0.10 per common share to $1.34, compared to the $1.20 annual dividend and $0.04 special dividend paid in 2025.

“One of the many things we’ll be celebrating during our 100^th anniversary is the value we’ve delivered to stockholders throughout our history.  I’m proud of our strong dividend track record, and I know it’s something that is important to our stockholders,” said Chairman and Chief Executive Officer Martin A. Kropelnicki.

About California Water Service Group
California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, as well as Texas Water Service, a utility holding company. Together, these companies provide regulated and non-regulated water and wastewater service to more than 2.1 million people in California, Hawaii, New Mexico, Washington, and Texas. California Water Service Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com.

Forward Looking Statements 
This news release contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 (“PSLRA”). The forward-looking statements are intended to qualify under provisions of the federal securities laws for “safe harbor” treatment established by the PSLRA. Forward-looking statements in this news release are based on currently available information, expectations, estimates, assumptions and projections, and our management’s beliefs, assumptions, judgments and expectations about us, the water utility industry and general economic conditions. These statements are not statements of historical fact. When used in our documents, statements that are not historical in nature, including words like will, would, expects, intends, plans, believes, may, could, estimates, assumes, anticipates, projects, progress, predicts, hopes, targets, forecasts, should, seeks or variations of these words or similar expressions are intended to identify forward-looking statements. Examples of forward-looking statements in this news release include, but are not limited to, statements describing Group’s expectations regarding the annual dividend, which remains subject to the Board’s approval and declaration of subsequent quarterly dividends during the year. Forward-looking statements are not guarantees of future performance. They are based on numerous assumptions that we believe are reasonable, but they are open to a wide range of uncertainties and business risks. Consequently, actual results or outcomes may vary materially from what is contained in a forward-looking statement. Factors that may cause actual results or outcomes to be different than those expected or anticipated include but are not limited to those described under the section entitled “Risk Factors” and elsewhere in our most recent Annual Report on Form 10-K, our subsequent Quarterly Reports on Form 10-Q and our other Securities and Exchange Commission filings. In light of these risks, uncertainties and assumptions, investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. We are not under any obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact

James P. Lynch
408-367-8200

Shannon Dean
sdean@calwater.com
408-367-8243

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What dividend did California Water Service Group (CWT) declare for February 2026?

The company declared a quarterly dividend of $0.3350 per share payable February 20, 2026. According to the company, record date for the dividend is the close of business on February 9, 2026, and this continues a 324-quarter dividend run.

How much did CWT increase its annual dividend for 2026 and what is the new annual amount?

CWT increased its annual dividend by 8% to $1.34 per share for 2026. According to the company, this represents a $0.10 per share rise versus the prior $1.20 annual dividend and follows a $0.04 special dividend paid in 2025.

When will CWT shareholders receive the declared February 2026 dividend and who is eligible?

The dividend is payable on February 20, 2026 to shareholders of record on February 9, 2026. According to the company, eligibility requires being on the company’s shareholder register at close of business on the February 9, 2026 record date.

What does CWT’s 324th consecutive quarterly dividend indicate for long-term shareholders of CWT?

It signals a long-standing dividend track record and consistent cash returns to investors. According to the company, this continuation coincides with its Centennial Celebration and underscores management’s focus on shareholder distributions.

Did CWT reference any special dividend alongside the 2026 annual dividend change?

The company referenced a $0.04 special dividend paid in 2025 alongside the annual increase to $1.34. According to the company, the $0.04 special dividend is separate from the announced 2026 annual dividend figure.