California Water Service Group Board of Directors Declares 318th Consecutive Quarterly Dividend
Rhea-AI Summary
California Water Service Group (NYSE: CWT) has declared its 318th consecutive quarterly dividend of $0.28 per common share. The dividend will be payable on August 23, 2024 to stockholders of record as of the close of business on August 12, 2024. This announcement demonstrates the company's consistent commitment to providing returns to its shareholders.
CWT is the parent company of regulated utilities serving over 2.1 million people across five states: California, Hawaii, New Mexico, Washington, and Texas. The company provides both regulated and non-regulated water and wastewater services through its subsidiaries. This diverse portfolio and long-standing dividend history highlight CWT's stability in the utility sector.
Positive
- Declared 318th consecutive quarterly dividend, showcasing long-term financial stability
- Consistent dividend payout of $0.28 per common share
- Serves over 2.1 million people across five states, indicating a broad customer base
- Diversified portfolio of regulated and non-regulated water and wastewater services
Negative
- None.
News Market Reaction
On the day this news was published, CWT gained 0.79%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
SAN JOSE, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- At its meeting on July 31, 2024, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 318th consecutive quarterly dividend in the amount of
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.
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. 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 may vary materially from what is contained in a forward-looking statement. Factors that may cause actual results to be different than those expected or anticipated include but are not limited to those described under the section entitled “Risk Factors” in our most recent Annual Report on Form 10-K, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission. 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 (analysts)
Shannon Dean
408-367-8243 (media)
FAQ
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