California Water Service Group (California Water Service Group) Dividend Payout Ratio

: 0.49 (As of Dec. 2023)

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California Water Service Group's dividend payout ratio for the months ended in Dec. 2023 was 0.49.

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.

The historical rank and industry rank for California Water Service Group's Dividend Payout Ratio or its related term are showing as below:

CWT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.43 Med: 0.56 Max: 1.16
Current: 1.16

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.

CWT's Dividend Payout Ratio is ranked worse than
91.85% of 368 companies
in the Utilities - Regulated industry
Industry Median: 0.53 vs CWT: 1.16

As of today (2024-04-19), the Dividend Yield % of California Water Service Group is 2.31%.

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

California Water Service Group's Dividends per Share for the months ended in Dec. 2023 was $0.26.

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.

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.

The growth rate is calculated with least square regression.

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

California Water Service Group Dividend Payout Ratio Historical Data

The historical data trend for California Water Service Group's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

California Water Service Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.64

0.43

0.47

0.57

1.14

California Water Service Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																0.71	-	1.53	0.43	0.49

Competitive Comparison

For the Utilities - Regulated Water subindustry, California Water Service Group's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution

For the Utilities - Regulated industry and Utilities sector, California Water Service Group's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where California Water Service Group's Dividend Payout Ratio falls into.

California Water Service Group Dividend Payout Ratio Calculation

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 fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.04	/	0.91
	=	1.14

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

California Water Service Group (NYSE:CWT) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

California Water Service Group Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of California Water Service Group's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

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

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » California Water Service Group (NYSE:CWT) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

WT5:Germany

Address

1720 North First Street, San Jose, CA, USA, 95112

Website

https://www.calwatergroup.com

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