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Sustaining Growth Momentum: California Water Servs Gr Continues to Excel and Reports Rising Profits

Author: Benzinga Insights | August 18, 2023 11:05am

At the end of today, August 18, 2023, California Water Servs Gr (NYSE:CWT) will distribute a dividend payout of $0.26 per share, translating to an annualized dividend yield of 1.96%. Shareholders who held the stock before the ex-dividend date on August 04, 2023 will benefit from this payout.

California Water Servs Gr Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-08-04 4 $0.26 1.96% 2023-07-26 2023-08-07 2023-08-18
2023-05-05 4 $0.26 1.79% 2023-04-26 2023-05-08 2023-05-19
2023-02-03 4 $0.26 1.67% 2023-01-25 2023-02-06 2023-02-17
2022-11-04 4 $0.25 1.77% 2022-10-26 2022-11-07 2022-11-18
2022-08-05 4 $0.25 1.7% 2022-07-27 2022-08-08 2022-08-19
2022-05-06 4 $0.25 1.85% 2022-04-27 2022-05-09 2022-05-20
2022-02-04 4 $0.25 1.62% 2022-01-26 2022-02-07 2022-02-18
2021-11-05 4 $0.23 1.54% 2021-10-27 2021-11-08 2021-11-19
2021-08-06 4 $0.23 1.5% 2021-07-28 2021-08-09 2021-08-20
2021-05-07 4 $0.23 1.56% 2021-04-28 2021-05-10 2021-05-21
2021-02-05 4 $0.23 1.65% 2021-01-27 2021-02-08 2021-02-19
2020-11-06 4 $0.21 1.8% 2020-10-28 2020-11-09 2020-11-20

With a dividend yield that places it neither at the top nor the bottom, California Water Servs Gr finds itself in the middle among its industry peers, while Essential Utilities (NYSE:WTRG) boasts the highest annualized dividend yield at 3.28%.

Analyzing California Water Servs Gr Financial Health

Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.

YoY Growth in Dividend Per Share

dividend chart graph

During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.79 to $1.00, reflecting the company's focus on providing greater returns to its shareholders.

YoY Earnings Growth For California Water Servs Gr

earning chart graph

From 2019 to 2022, California Water Servs Gr experienced a growth in earnings per share, with an increase from $1.39 to $1.48. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.

Recap

This article delves into the recent dividend payout of California Water Servs Gr and its implications for shareholders. Presently, the company is distributing a dividend of $0.26 per share, leading to an annualized dividend yield of 1.96%.

With a dividend yield that places it neither at the top nor the bottom, California Water Servs Gr finds itself in the middle among its industry peers, while Essential Utilities boasts the highest annualized dividend yield at 3.28%.

Given that California Water Servs Gr has experienced an increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.

To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.

[See current stock movements California Water Servs Gr on Benzinga.](https://www.benzinga.com/quote/California Water Servs Gr (NYSE: CWT))

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: CWT WTRG

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