California Water Service Group: A Standout in Dividend Growth
The California Water Service Group (Symbol: CWT) has earned a spot on the Dividend Channel’s prestigious “S.A.F.E. 25” list. This selection highlights stocks that show higher-than-average “DividendRank” metrics, reflecting a solid 2.2% yield and a remarkable history of dividend increases for at least twenty years, as noted in the latest “DividendRank” report.
Key Holdings and ETF Involvement
California Water Service Group is included in the iShares S&P 1500 Index ETF (ITOT) and comprises 0.18% of the SPDR S&P Dividend ETF (SDY), which holds shares valued at $38,359,006.
What Makes CWT a S.A.F.E. Stock?
- S. Solid return — strong yield and impressive DividendRank metrics.
- A. Accelerating amounts — consistent annual dividend hikes.
- F. Flawless history — uninterrupted dividend payments with no cuts.
- E. Enduring — maintained dividend payments for over two decades.
Current Dividend Insights
California Water Service Group pays an annual dividend of $1.12 per share, issued quarterly. The latest dividend ex-date was on November 12, 2024. Below is a chart displaying the long-term dividend history for CWT, which the report emphasizes as crucial for investors.
Industry Comparisons
CWT is positioned within the Water Utilities sector, alongside industry peers such as American Water Works Co, Inc. (AWK) and Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP (SBS).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
