California Water Service Group (CWT) Dividend History & Yield
Dividend ChampionCalifornia Water Service Group (CWT) has increased its dividend for 28 consecutive years and currently yields 2.89%. The most recent dividend was $0.3350/share on May 22, 2026, paid Quarterly.
Current Yield
2.89%
TTM Dividend/Share
$1.27
Payment Frequency
Quarterly
Payout Ratio
63.6%
Consecutive Growth Years
28 (Dividend Champion)
Div Growth (1Y CAGR)
10.71%
Div Growth (5Y CAGR)
7.85%
Div Growth (10Y CAGR)
6.35%
CWT: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
10.7%
FCF payout ratio
55.7%
Net debt / EBITDA
4.9x
Interest coverage
2.28x
ROIC (TTM)
5.8%
Dividend Safety Score
3 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 63.6%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($-3.60) does not fully cover dividend/share ($1.27).
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
28 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 55.7%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 4.9x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (7.8%) exceeds EPS growth (-39.7%) — payout ratio expanding.
Per-payment dividend history
Ex-date May 11, 2026
- Payment date
- May 22, 2026
- Dividend
- $0.3350
- Adj. dividend
- $0.3350
Ex-date Feb 9, 2026
- Payment date
- Feb 20, 2026
- Dividend
- $0.3350
- Adj. dividend
- $0.3350
Ex-date Nov 10, 2025
- Payment date
- Nov 21, 2025
- Dividend
- $0.3000
- Adj. dividend
- $0.3000
Ex-date Aug 11, 2025
- Payment date
- Aug 22, 2025
- Dividend
- $0.3000
- Adj. dividend
- $0.3000
Ex-date May 12, 2025
- Payment date
- May 23, 2025
- Dividend
- $0.3000
- Adj. dividend
- $0.3000
Ex-date Feb 10, 2025
- Payment date
- Feb 21, 2025
- Dividend
- $0.3400
- Adj. dividend
- $0.3400
Ex-date Nov 12, 2024
- Payment date
- Nov 22, 2024
- Dividend
- $0.2800
- Adj. dividend
- $0.2800
Ex-date Aug 12, 2024
- Payment date
- Aug 23, 2024
- Dividend
- $0.2800
- Adj. dividend
- $0.2800
Ex-date May 3, 2024
- Payment date
- May 17, 2024
- Dividend
- $0.2800
- Adj. dividend
- $0.2800
Ex-date Feb 9, 2024
- Payment date
- Feb 23, 2024
- Dividend
- $0.2800
- Adj. dividend
- $0.2800
Ex-date Nov 3, 2023
- Payment date
- Nov 17, 2023
- Dividend
- $0.2600
- Adj. dividend
- $0.2600
Ex-date Aug 4, 2023
- Payment date
- Aug 18, 2023
- Dividend
- $0.2600
- Adj. dividend
- $0.2600
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 11, 2026 | May 22, 2026 | $0.3350 | $0.3350 |
| Feb 9, 2026 | Feb 20, 2026 | $0.3350 | $0.3350 |
| Nov 10, 2025 | Nov 21, 2025 | $0.3000 | $0.3000 |
| Aug 11, 2025 | Aug 22, 2025 | $0.3000 | $0.3000 |
| May 12, 2025 | May 23, 2025 | $0.3000 | $0.3000 |
| Feb 10, 2025 | Feb 21, 2025 | $0.3400 | $0.3400 |
| Nov 12, 2024 | Nov 22, 2024 | $0.2800 | $0.2800 |
| Aug 12, 2024 | Aug 23, 2024 | $0.2800 | $0.2800 |
| May 3, 2024 | May 17, 2024 | $0.2800 | $0.2800 |
| Feb 9, 2024 | Feb 23, 2024 | $0.2800 | $0.2800 |
| Nov 3, 2023 | Nov 17, 2023 | $0.2600 | $0.2600 |
| Aug 4, 2023 | Aug 18, 2023 | $0.2600 | $0.2600 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
California Water Service Group has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 28 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $1.2400 | — | — |
| 2025 | $1.1200 | $1.2400 | +10.7% |
| 2024 | $1.0400 | $1.1200 | +7.7% |
| 2023 | $1.0000 | $1.0400 | +4.0% |
| 2022 | $0.9200 | $1.0000 | +8.7% |
| 2021 | $0.8500 | $0.9200 | +8.2% |
| 2020 | $0.7900 | $0.8500 | +7.6% |
| 2019 | $0.7500 | $0.7900 | +5.3% |
| 2018 | $0.7200 | $0.7500 | +4.2% |
| 2017 | $0.6900 | $0.7200 | +4.3% |
| 2016 | $0.6700 | $0.6900 | +3.0% |
| 2015 | $0.6500 | $0.6700 | +3.1% |
| 2014 | $0.6400 | $0.6500 | +1.6% |
| 2013 | $0.6300 | $0.6400 | +1.6% |
| 2012 | $0.6150 | $0.6300 | +2.4% |
| 2011 | $0.5950 | $0.6150 | +3.4% |
| 2010 | $0.5900 | $0.5950 | +0.8% |
| 2009 | $0.5860 | $0.5900 | +0.7% |
| 2008 | $0.5800 | $0.5860 | +1.0% |
| 2007 | $0.5750 | $0.5800 | +0.9% |
| 2006 | $0.5700 | $0.5750 | +0.9% |
| 2005 | $0.5660 | $0.5700 | +0.7% |
| 2004 | $0.5624 | $0.5660 | +0.6% |
| 2003 | $0.5600 | $0.5624 | +0.4% |
| 2002 | $0.5579 | $0.5600 | +0.4% |
| 2001 | $0.5475 | $0.5579 | +1.9% |
| 2000 | $0.5400 | $0.5475 | +1.4% |
| 1999 | $0.5240 | $0.5400 | +3.1% |
| 1998 | $0.5275 | $0.5240 | -0.7% |
| 1997 | $0.5200 | $0.5275 | +1.4% |
| 1996 | $0.5100 | $0.5200 | +2.0% |
| 1995 | $0.4950 | $0.5100 | +3.0% |
| 1994 | $0.4800 | $0.4950 | +3.1% |
| 1993 | $0.4650 | $0.4800 | +3.2% |
| 1992 | $0.4500 | $0.4650 | +3.3% |
| 1991 | $0.4350 | $0.4500 | +3.4% |
| 1990 | $0.4200 | $0.4350 | +3.6% |
| 1989 | $0.4000 | $0.4200 | +5.0% |
| 1988 | $0.3235 | $0.4000 | +23.6% |
| 1987 | $2.1000 | $0.3235 | -84.6% |
| 1986 | $2.6000 | $2.1000 | -19.2% |
| 1985 | — | $2.6000 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for California Water Service Group (CWT) from the consolidated cash flow statement, in USD as filed.
Latest period
$73.61M
YoY change
+12.8%
5Y CAGR
+12.1%
Peak year (2025)
$73.85M
Latest annual
$73.85M
Cash dividends paid over time for California Water Service Group (CWT)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for California Water Service Group (CWT)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $73.85M | +12.8% | +$8.39M | ||
| 2024 | $65.46M | +10.9% | +$6.43M | ||
| 2023 | $59.04M | +9.0% | +$4.85M | ||
| 2022 | $54.19M | +14.3% | +$6.79M | ||
| 2021 | $47.40M | +13.5% | +$5.63M | ||
| 2020 | $41.77M | +9.8% | +$3.75M | ||
| 2019 | $38.02M | +5.5% | +$1.98M | ||
| 2018 | $36.04M | +4.3% | +$1.48M | ||
| 2017 | $34.56M | +4.5% | +$1.48M | ||
| 2016 | $33.08M | +3.2% | +$1.01M | ||
| 2015 | $32.07M | +3.2% | +$1.00M | ||
| 2014 | $31.06M | +4.9% | +$1.44M | ||
| 2013 | $29.62M | +12.2% | +$3.23M | ||
| 2012 | $26.39M | +2.8% | +$713,000 | ||
| 2011 | $25.67M | +3.7% | +$921,000 | ||
| 2010 | $24.75M | +1.1% | +$277,000 | ||
| 2009 | $24.48M | +1.0% | +$242,000 | ||
| 2008 | $24.23M | +1.1% | +$263,000 | ||
| 2007 | $23.97M | +9.9% | +$2.16M | ||
| 2006 | $21.81M | +4.1% | +$860,000 | ||
| 2005 | $20.95M | +5.1% | +$1.02M | ||
| 2004 | $19.93M | +12.4% | +$2.21M | ||
| 2003 | $17.72M | +3.3% | +$567,000 | ||
| 2002 | $17.16M | +0.5% | +$86,000 | ||
| 2001 | $17.07M | +4.2% | +$683,000 | ||
| 2000 | $16.39M | +6.3% | +$973,000 | ||
| 1999 | $15.41M | +12.5% | +$1.72M | ||
| 1998 | $13.70M | +1.5% | +$200,000 | ||
| 1997 | $13.50M | +2.3% | +$300,000 | ||
| 1996 | $13.20M | +2.3% | +$300,000 | ||
| 1995 | $12.90M | +10.3% | +$1.20M | ||
| 1994 | $11.70M | — | — |
2025's annual dividends paid for California Water Service Group (CWT) came in at $73.85M – grew 12.8% year-over-year.
California Water Service Group dividends paid compound annual growth for the 2020–2025 (5 years) window is +12.1%, sustaining 31 straight years of year-over-year growth.
Across the available history, dividends paid reached its high of $73.85M in 2025 and its low of $11.70M in 1994.
Within Utilities, California Water Service Group (CWT) ranks 9th among 8 peers we track. The peer median for dividends paid is $2.14B.
California Water Service Group Dividends Paid 2025: $73.85M
California Water Service Group dividends paid in 2025 was $73.85M, grew 12.8% from 2024. This figure represents the highest annual value in the available history.
California Water Service Group Dividends Paid 2024: $65.46M
California Water Service Group dividends paid in 2024 was $65.46M, grew 10.9% from 2023.
California Water Service Group Dividends Paid 2023: $59.04M
California Water Service Group dividends paid in 2023 was $59.04M, grew 9.0% from 2022.
California Water Service Group Dividends Paid 2022: $54.19M
California Water Service Group dividends paid in 2022 was $54.19M, grew 14.3% from 2021.
California Water Service Group Dividends Paid 2021: $47.40M
California Water Service Group dividends paid in 2021 was $47.40M.
See more financial history for California Water Service Group (CWT).
Sector peers by dividends paid
Companies in the same sector as California Water Service Group, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| NextEra Energy (NEE) | $4.68B | Utilities |
| Duke Energy (DUK) | $3.30B | Utilities |
| Southern Company (SO) | $3.02B | Utilities |
| Dominion Energy (D) | $2.28B | Utilities |
| American Electric Power Company (AEP) | $2.01B | Utilities |
| Sempra (SRE) | $1.60B | Utilities |
| Constellation Energy (CEG) | $486.00M | Utilities |
| GE Vernova (GEV) | $275.00M | Utilities |
Frequently asked questions
Does California Water Service Group pay dividends?
Yes, California Water Service Group (CWT) pays quarterly dividends of approximately $1.27 per share annually, yielding 2.89%.
What is California Water Service Group's dividend yield?
California Water Service Group (CWT) has a current dividend yield of 2.89%.
Is California Water Service Group's dividend safe?
California Water Service Group (CWT) passes 3 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has California Water Service Group increased its dividend?
California Water Service Group (CWT) has 28 consecutive years of dividend increases.
What is California Water Service Group's dividend payout ratio?
California Water Service Group (CWT) has a dividend payout ratio of 63.6%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is California Water Service Group's dividends paid?
Latest reported dividends paid for California Water Service Group (CWT) is $73.61M (period ending March 31, 2026).
How has California Water Service Group dividends paid changed year-over-year?
California Water Service Group (CWT) dividends paid changed +12.8% year-over-year on the latest annual filing.
What is the long-term growth rate of California Water Service Group dividends paid?
California Water Service Group (CWT) dividends paid compound annual growth rate is +12.1% over the most recent 5 years available.
When did California Water Service Group dividends paid hit its highest annual value?
California Water Service Group dividends paid reached its highest annual value of $73.85M in 2025.
What was California Water Service Group dividends paid in 2024?
California Water Service Group (CWT) dividends paid in 2024 was $65.46M.
What was California Water Service Group dividends paid in 2025?
California Water Service Group (CWT) dividends paid in 2025 was $73.85M.
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