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California Water Service Group (California Water Service Group) 3-Year Dividend Growth Rate

: 7.00% (As of Dec. 2023)
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California Water Service Group's Dividends per Share for the three months ended in Dec. 2023 was $0.26.

The historical rank and industry rank for California Water Service Group's 3-Year Dividend Growth Rate or its related term are showing as below:

CWT' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0.4   Med: 2.35   Max: 16.9
Current: 7

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of California Water Service Group was 16.90% per year. The lowest was 0.40% per year. And the median was 2.35% per year.

CWT's 3-Year Dividend Growth Rate is ranked better than
62.67% of 292 companies
in the Utilities - Regulated industry
Industry Median: 5 vs CWT: 7.00

During the past 12 months, California Water Service Group's average Dividends Per Share Growth Rate was 4.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 7.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 5.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

California Water Service Group's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.49. As of today, California Water Service Group's Dividend Yield % is 2.42%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of California Water Service Group is 1.16, which seems too high.

Good Sign:

California Water Service Group stock dividend yield is close to 5-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Utilities - Regulated Water subindustry, California Water Service Group's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


California Water Service Group 3-Year Dividend Growth Rate Distribution

For the Utilities - Regulated industry and Utilities sector, California Water Service Group's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where California Water Service Group's 3-Year Dividend Growth Rate falls into.



California Water Service Group 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


California Water Service Group  (NYSE:CWT) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

California Water Service Group's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.26/ 0.53
=0.49

During the past 13 years, the highest Dividend Payout Ratio of California Water Service Group was 1.16. The lowest was 0.43. And the median was 0.56.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of California Water Service Group is 1.16, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

California Water Service Group Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.2802024-02-092024-02-122024-02-23Cash DividendquarterlyUSD:USD 1.000000
USD 0.2602023-11-032023-11-062023-11-17Cash DividendquarterlyUSD:USD 1.000000
USD 0.2602023-08-042023-08-072023-08-18Cash DividendquarterlyUSD:USD 1.000000
USD 0.2602023-05-052023-05-082023-05-19Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

California Water Service Group's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.06/44.17
=2.40 %

Current Share Price is $44.17.
California Water Service Group's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.06.

During the past 13 years, the highest Dividend Yield of California Water Service Group was 3.36%. The lowest was 1.28%. And the median was 1.87%.

Good Sign:

California Water Service Group stock dividend yield is close to 5-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


California Water Service Group 3-Year Dividend Growth Rate Related Terms>


California Water Service Group (California Water Service Group) Business Description

Traded in Other Exchanges
Address
1720 North First Street, San Jose, CA, USA, 95112
California Water Service Group is a U.S. water and utilities holding company based in California. The company engages in the production, treatment, storage, distribution, and sale of water for various uses. The firm operates through its subsidiaries, which can be divided between regulated and unregulated businesses. The regulated public utilities subsidiaries operate in California, New Mexico, Washington, and Hawaii. The unregulated subsidiaries provide water utility services to private companies and municipalities. The company derives the majority of its revenue from its operations in California and, overall, from residential customers.
Executives
Thomas M Krummel director C/O CALIFORNIA WATER SERVICE GROUP, 1720 N. FIRST STREET, SAN JOSE CA 95118
Michelle R Mortensen officer: Corporate Secretary 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Jeffrey Kightlinger director 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Charles R. Patton director 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
David B Healey officer: VP, CEO and Treasurer C/O CALIFORNIA WATER SERVICE COMPANY, 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Robert J Kuta officer: VP, Engineering 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Shelly Marian Esque director 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Yvonne Aida Maldonado director 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Carol M Pottenger director 1720 NORTH FIRST STREET, SAN JOSE CA 95020
Gregory E Aliff director 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Peter C Nelson director C/O CALIFORNIA WATER SERVICE GROUP, 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Lester A Snow director C/O CALIFORNIA WATER SERVICE GROUP, 1720 N FIRST STREET, SAN JOSE CA 95112
Patricia K Wagner director 1720 NORTH FIRST STREET, SAN JOSE CA 95020
Scott L Morris director 1411 E MISSION AVE, SPOKANE WA 99202
Shawn C Bunting officer: VP Corporate Council 1720 NORTH FIRST STREET, SAN JOSE CA 95112