California Water Service Group Declares Quarterly and Special Dividends

California Water Service Group recently announced the declaration of a quarterly dividend of $0.30 per common share and a one-time special dividend of $0.04 per common share. These dividends are slated to be paid on February 21, 2025, to stockholders of record as of February 10, 2025.

The company’s 320th consecutive quarterly dividend equates to an $0.08 annual increase, expected to result in an annual dividend of $1.20. Alongside this, the Board of Directors declared a special one-time dividend, displaying a commitment to shareholder value.

In light of the ongoing market expectations and the need to provide value to stakeholders, California Water Service Group has taken this step. The decision to offer a special dividend of $0.04 per share follows a previous adjustment in the 2023 annual dividend due to operational circumstances. The company stated its intention to align its 2025 anticipated annual dividend with market norms.

The parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, Washington Water Service, and Texas Water Service, California Water Service Group serves over 2.1 million individuals across various states. With its common stock trading on the New York Stock Exchange under the symbol “CWT,” the company remains committed to its mission of delivering water and wastewater services.

The recent announcement by California Water Service Group underscores its dedication to providing returns to investors and maintaining a consistent dividend policy. This strategic move reflects the company’s operational efficiency and commitment to its shareholders’ interests.

This release may contain forward-looking statements within the provisions of the federal securities laws. These statements are based on present information, expectations, and management’s beliefs about the industry and economic conditions, and they might differ from the actual results due to various uncertainties and risks.

Investors are advised to exercise caution and not place undue reliance on forward-looking statements, which are valid only at the time of publication. The company disclaims any obligation to update or modify these statements, except as required by law.

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For more information, please visit California Water Service Group’s official website.

Contact:
James P. Lynch
408-367-8200
[email protected]

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read California Water Service Group’s 8K filing here.

California Water Service Group Company Profile

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection services.