California Water Service Group Board of Directors Declares 321st Consecutive Quarterly Dividend
Rhea-AI Summary
California Water Service Group (NYSE: CWT) continues its strong dividend history with the announcement of its 321st consecutive quarterly dividend. The Board of Directors has declared a dividend of $0.30 per common share, maintaining the company's commitment to shareholder returns.
The dividend will be paid on May 23, 2025, to stockholders of record as of the close of business on May 12, 2025. This announcement, made at the Board meeting on April 30, 2025, demonstrates the company's consistent dividend payment track record.
Positive
- 321st consecutive quarterly dividend demonstrates long-term financial stability
- Maintains $0.30 per share dividend payout, showing consistent shareholder returns
Negative
- None.
Insights
California Water Service Group maintains its remarkable 80+ year dividend streak with its 321st consecutive quarterly payment of $0.30 per share.
California Water Service Group (NYSE: CWT) has declared its 321st consecutive quarterly dividend of
This announcement marks a significant milestone in dividend consistency. With 321 consecutive quarterly dividends, CWT has maintained uninterrupted shareholder payments for over 80 years - a track record that spans through multiple economic cycles, recessions, and market disruptions. This places the company among an elite group of businesses with extraordinary dividend longevity.
The consistency of these payments demonstrates the company's long-term commitment to returning value to shareholders. For income-focused investors, such reliability in dividend payments represents a key consideration when evaluating utility stocks, which are often held specifically for their dividend characteristics.
While the press release doesn't indicate whether this represents a change from previous dividend amounts, the continuation of this long-standing dividend program reflects the company's ongoing dedication to its established capital allocation strategy and shareholder returns.
SAN JOSE, Calif., April 30, 2025 (GLOBE NEWSWIRE) -- At its meeting on April 30, 2025, the California Water Service Group (NYSE: CWT) (Company) Board of Directors (Board) declared the company's 321st consecutive quarterly dividend in the amount of
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 statements describing the expected timing of the quarterly dividend payment. 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
Shannon Dean
sdean@calwater.com
408-367-8243
FAQ
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