Current Yield
2.59%
TTM Dividend/Share
$1.27
Payment Frequency
Quarterly
Payout Ratio
63.6%
Consecutive Growth Years
28 (Dividend Champion)
Key takeaways
- Dividend Champion — California Water Service Group (CWT) has raised its dividend for 28 consecutive years.
- California Water Service Group (CWT) currently yields 2.59%, paying $1.27 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 63.6% — the share of earnings distributed as dividends.
- 3 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 7.85% (growth is accelerating).
Dividend yield valuation for California Water Service Group (CWT)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Above average — potential buy zone |
Current yield (now) | 2.59% |
1-year average yield | 2.86%now 0.27 pp below |
3-year average yield | 2.44%now 0.15 pp above |
5-year average yield | 2.05%now 0.54 pp above |
CWT: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for California Water Service Group (CWT)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 10.4% |
FCF payout ratio | 55.7% |
Net debt / EBITDA | 4.8x |
Interest coverage | 2.28x |
ROIC (TTM) | 5.8% |
Dividend safety score for California Water Service Group (CWT)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
3 of 8 checks passed
Payout ratio below 75%
Payout ratio is 63.6%, well below the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $-296M — FCF does not fully cover the payout.
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 4.8x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (7.8%) exceeds EPS growth (-47.3%) — payout ratio expanding.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
164 payments from 1985 to 2026 · Adj. Dividend is split-adjusted
| 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 |
- May 11, 2026$0.3350
- Feb 9, 2026$0.3350
- Nov 10, 2025$0.3000
- Aug 11, 2025$0.3000
- May 12, 2025$0.3000
- Feb 10, 2025$0.3400
- Nov 12, 2024$0.2800
- Aug 12, 2024$0.2800
- May 3, 2024$0.2800
- Feb 9, 2024$0.2800
- Nov 3, 2023$0.2600
- Aug 4, 2023$0.2600
Historical dividend yield for California Water Service Group (CWT)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 2.86%5Y: 2.05%10Y: 1.85%
Dividend per share for California Water Service Group (CWT)
CAGR (per year)1Y: 10.71%5Y: 7.85%10Y: 6.35%↑ Accelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 1985 | $2.60 | 4 |
| 1986 | $1.40 | 2 |
| 1987 | $0.32 | 4 |
| 1988 | $0.40 | 4 |
| 1989 | $0.42 | 4 |
| 1990 | $0.43 | 4 |
| 1991 | $0.45 | 4 |
| 1992 | $0.47 | 4 |
| 1993 | $0.48 | 4 |
| 1994 | $0.49 | 4 |
| 1995 | $0.51 | 4 |
| 1996 | $0.52 | 4 |
| 1997 | $0.53 | 4 |
| 1998 | $0.52 | 4 |
| 1999 | $0.54 | 4 |
| 2000 | $0.55 | 4 |
| 2001 | $0.56 | 4 |
| 2002 | $0.56 | 4 |
| 2003 | $0.56 | 4 |
| 2004 | $0.57 | 4 |
| 2005 | $0.57 | 4 |
| 2006 | $0.57 | 4 |
| 2007 | $0.58 | 4 |
| 2008 | $0.59 | 4 |
| 2009 | $0.59 | 4 |
| 2010 | $0.59 | 4 |
| 2011 | $0.61 | 4 |
| 2012 | $0.63 | 4 |
| 2013 | $0.64 | 4 |
| 2014 | $0.65 | 4 |
| 2015 | $0.67 | 4 |
| 2016 | $0.69 | 4 |
| 2017 | $0.72 | 4 |
| 2018 | $0.75 | 4 |
| 2019 | $0.79 | 4 |
| 2020 | $0.85 | 4 |
| 2021 | $0.92 | 4 |
| 2022 | $1.00 | 4 |
| 2023 | $1.04 | 4 |
| 2024 | $1.12 | 4 |
| 2025 | $1.24 | 4 |
| 2026 | $0.67 | 2 |
Dividend growth for California Water Service Group (CWT)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 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 | $1.4000 | $0.3235 | -76.9% |
| 1986 | $2.6000 | $1.4000 | -46.2% |
| 1985 | — | $2.6000 | — |
- 2026—
- 2025$1.2400
- 2024$1.1200
- 2023$1.0400
- 2022$1.0000
- 2021$0.9200
- 2020$0.8500
- 2019$0.7900
- 2018$0.7500
- 2017$0.7200
- 2016$0.6900
- 2015$0.6700
- 2014$0.6500
- 2013$0.6400
- 2012$0.6300
- 2011$0.6150
- 2010$0.5950
- 2009$0.5900
- 2008$0.5860
- 2007$0.5800
- 2006$0.5750
- 2005$0.5700
- 2004$0.5660
- 2003$0.5624
- 2002$0.5600
- 2001$0.5579
- 2000$0.5475
- 1999$0.5400
- 1998$0.5240
- 1997$0.5275
- 1996$0.5200
- 1995$0.5100
- 1994$0.4950
- 1993$0.4800
- 1992$0.4650
- 1991$0.4500
- 1990$0.4350
- 1989$0.4200
- 1988$0.4000
- 1987$0.3235
- 1986$1.4000
- 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.
Frequently asked questions
California Water Service Group (CWT) Key Financials
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