SmarterDividends
CWT

California Water Service Group

CWT22 yrs growth

Utilities · Utilities - Regulated Water · Stock · quarterly payer

$46.35

Overvalued · -39% Add to Portfolio

Forward Yield

2.89%

Annual Dividend

$1.34

Payout Ratio

57%

5-Yr Growth

7.8%

Ex-Date

Aug 10, 2026

Frequency

Quarterly

Key facts about CWT's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, California Water Service Group (CWT) has a forward dividend yield of 2.89%, based on an annual dividend of $1.34 per share and a share price of $46.35.
  • As of Oct 18, 2026, CWT's dividend safety grade from SmarterDividends is A (89 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, California Water Service Group (CWT) has raised its dividend for 22 consecutive years as of Oct 18, 2026.
  • CWT has never cut its regular dividend in the payment history SmarterDividends has on record.
  • CWT's most recent ex-dividend date was Aug 10, 2026, for a dividend of $0.34 per share.
  • As of Oct 18, 2026, CWT pays out 57% of its trailing 12-month earnings as dividends (its payout ratio).
  • CWT's dividend has grown at an average rate of 7.8% a year over the past five years.
  • As of Oct 18, 2026, CWT's 2.89% yield is 43% above its five-year average yield of 2.03%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for CWT is $28.39 per share, 39% below the $46.35 share price, so CWT screens as overvalued.
  • California Water Service Group (CWT) pays its dividend quarterly, 4 times a year.
  • California Water Service Group (CWT) has raised its regular dividend 38 times and cut it 0 times across the 159 payments on record since 1987. Its most recent change was a 11.7% increase to $0.335 per share, going ex-dividend on Feb 9, 2026.
Cite this page

SmarterDividends, "CWT Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/CWT

Summary

As of Oct 18, 2026, California Water Service Group (CWT) yields 2.89% ($1.34 a year per share), has a dividend safety grade of A (89/100) and has 22 consecutive years of dividend increases on record.

Is CWT a good dividend stock?

Yes

California Water Service Group (CWT) pays a quarterly dividend yielding 2.89% ($1.34/yr), with 22 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 22 consecutive years of dividend growth
  • Never cut its dividend on record
  • Comfortable payout ratio (57%)
  • Strong 7.8% 5-yr dividend growth
  • Top-tier dividend safety score

Risks

  • Share price is down over the past 5 years

Key Data

Dividend Yield
2.89%
Payout Ratio
57%
Annual Dividend
$1.34
5-Yr Avg Growth
7.8%
Ex-Dividend Date
Aug 10, 2026
Years of Growth
22
Frequency
quarterly
Beta
0.48
Market Cap
$2.9B
P/E Ratio
20.8
5-Yr Total Return
-26%
52-Week Range
$41.29 – $53.82
Dividend Safety
A · 89/100
Ever Cut?
No

CWT dividend raises and cuts

California Water Service Group (CWT) has raised its regular dividend 38 times and cut it 0 times across the 159 payments on record since 1987. Its most recent change was a 11.7% increase to $0.335 per share, going ex-dividend on Feb 9, 2026.

Ex-dateChangeOld → newMove
Feb 9, 2026Raise$0.300 → $0.335+11.7%
May 12, 2025Raise$0.280 → $0.300+7.1%
Feb 9, 2024Raise$0.260 → $0.280+7.7%
Feb 3, 2023Raise$0.250 → $0.260+4.0%
Feb 4, 2022Raise$0.230 → $0.250+8.7%
Feb 5, 2021Raise$0.213 → $0.230+8.0%
Feb 7, 2020Raise$0.198 → $0.213+7.6%
Feb 8, 2019Raise$0.188 → $0.198+5.3%
Feb 9, 2018Raise$0.180 → $0.188+4.4%
Feb 2, 2017Raise$0.173 → $0.180+4.0%
Feb 4, 2016Raise$0.168 → $0.173+3.0%
Feb 5, 2015Raise$0.163 → $0.168+3.1%
Show all 38 changes since 1988
Ex-dateChangeOld → newMove
Feb 6, 2014Raise$0.160 → $0.163+1.9%
Feb 7, 2013Raise$0.158 → $0.160+1.3%
Feb 2, 2012Raise$0.154 → $0.158+2.6%
Feb 3, 2011Raise$0.149 → $0.154+3.4%
Feb 4, 2010Raise$0.148 → $0.149+1.0%
Feb 5, 2009Raise$0.147 → $0.148+0.7%
Jan 31, 2008Raise$0.145 → $0.147+1.0%
Feb 1, 2007Raise$0.144 → $0.145+0.7%
Feb 2, 2006Raise$0.143 → $0.144+1.1%
Feb 3, 2005Raise$0.142 → $0.143+0.7%
Feb 4, 2004Raise$0.140 → $0.142+1.1%
Feb 5, 2003Raise$0.140 → $0.141+0.4%
Feb 6, 2002Raise$0.139 → $0.140+0.7%
Jan 30, 2001Raise$0.138 → $0.140+1.5%
Apr 27, 2000Raise$0.135 → $0.138+1.9%
Jan 28, 1999Raise$0.131 → $0.135+3.1%
Jan 30, 1997Raise$0.130 → $0.132+1.5%
Feb 1, 1996Raise$0.128 → $0.130+2.0%
Jan 31, 1995Raise$0.124 → $0.128+3.0%
Jan 31, 1994Raise$0.120 → $0.124+3.1%
Feb 1, 1993Raise$0.116 → $0.120+3.2%
Jan 28, 1992Raise$0.113 → $0.116+3.3%
Jan 28, 1991Raise$0.109 → $0.113+3.4%
Jan 29, 1990Raise$0.105 → $0.109+3.6%
Jan 27, 1989Raise$0.100 → $0.105+5.0%
Feb 1, 1988Raise$0.0923 → $0.100+8.4%
Every CWT payment →Download every raise and cut (CSV)
CWT ex-dividend date & scheduleNext ex-date Aug 10, 2026 · full ex-dividend historyView →CWT dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is CWT a good dividend stock?

Yes. California Water Service Group (CWT) pays a quarterly dividend yielding 2.89% ($1.34/yr), with 22 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is CWT undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CWT's fair value is about $28.39 versus a $46.35 share price — so it looks overvalued (-39% vs. fair value).

Is CWT's dividend safe?

CWT has a dividend-safety grade of A (89/100), based on its payout coverage, free-cash-flow, 22-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is CWT's fair value?

Our blended fair-value estimate for CWT is about $28.39 per share, about 39% below the current $46.35 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is CWT a buy, hold, or sell?

We don't issue formal ratings, but on the data CWT screens as "yes" and overvalued. California Water Service Group (CWT) pays a quarterly dividend yielding 2.89% ($1.34/yr), with 22 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will CWT cut its dividend?

CWT earns a dividend-safety grade of A (89/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does CWT pay a dividend?

Yes. California Water Service Group pays a quarterly dividend of about $1.34 per share annually, a forward yield of roughly 2.89%.

What is CWT's dividend yield?

As of Oct 18, 2026, CWT's forward dividend yield is 2.89%, based on a $1.34 annual dividend and a $46.35 share price.

What is CWT's dividend per share?

As of Oct 18, 2026, CWT pays $1.34 per share per year, distributed on a quarterly basis.

What is CWT's dividend payout ratio?

As of Oct 18, 2026, CWT's payout ratio is 57% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has CWT grown its dividend?

As of Oct 18, 2026, CWT has increased its dividend for 22 consecutive years.

When is the next CWT ex-dividend date?

As of Oct 18, 2026, CWT's next ex-dividend date hasn't been announced. The most recent was Aug 10, 2026, for $0.34 per share.

Income Calculator

At $1.34 / yr per share

Per payment (quarterly)$33.50
Annual$134.00
Monthly avg$11.17

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