Trailing Dividend / Share
$1.24
California Water Service Group (CWT) Dividend History
Income profile from 1985 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
2.9%
Payout Ratio
57.6%
Sustainable
Dividend Streak
27 years
CWT Dividend Income Check
Safety
57.6% payout ratio with sustainable safety profile.
Consistency
27 straight years of dividend increases.
Income Trend
Yield on cost is 2.3% and trend is rising.
CWT Dividend Scorecard
Yield & Income
Dividend Yield2.9%
Trailing DPS$1.24
FrequencySemi-Annual
Payments / 12M5
Payout Safety
Earnings Payout57.6%
Earnings SafetySustainable
FCF PayoutN/A
FCF SafetyUnknown
Piotroski F-Score4/9
Growth
Growth Streak27 years
3Y CAGR7.4%
5Y CAGR7.8%
Yield on Cost (5Y)2.3%
YOC Trendrising
Total Returns
Buyback Yield0.1%
Total Shareholder Yield2.9%
1Y Total Return-9.6%
5Y Total Return-16.1%
Div Contribution (5Y)9.4%
Estimated $10K growth (return + dividends):
5Y ago$8,38810Y ago$18,53420Y ago$28,088
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
CWT Income Growth Story
Dividend per share and yield on cost over time (42 years of payments)
CWT Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
California Water Service Group distributes 57.6% of earnings as dividends (Sustainable).
Piotroski F-Score: 4/9 — moderate financial health.
Growth Track Record
CWT has raised its dividend for 27 consecutive years, with a 3-year CAGR of 7.4% and 5-year CAGR of 7.8%.
Total Shareholder Returns
Beyond cash dividends, CWT returns capital through share repurchases. The combined picture: 2.9% dividend yield, 0.1% buyback yield, 2.9% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 2.3% and is currently rising. The 5-year total return is -16.1%, with dividends contributing 9.4% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $18,534 today.
CWT Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$5.54
Avg/Payment$0.2768
Latest Change+1.5%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| May 11, 2026Latest | $0.3400 | ↑ +1.5% | 3.01% | May 22, 2026 |
| Feb 9, 2026 | $0.3350 | ↑ +11.7% | 2.81% | Feb 20, 2026 |
| Nov 10, 2025 | $0.3000 | — | 2.71% | Nov 21, 2025 |
| Aug 11, 2025 | $0.3000 | — | 2.61% | Aug 22, 2025 |
| May 12, 2025 | $0.3000 | ↓ -11.8% | 2.55% | May 23, 2025 |
| Feb 10, 2025 | $0.3400 | ↑ +21.4% | 2.70% | Feb 21, 2025 |
| Nov 12, 2024 | $0.2800 | — | 2.20% | Nov 22, 2024 |
| Aug 12, 2024 | $0.2800 | — | 2.10% | Aug 23, 2024 |
CWT Dividend vs Peers
Comparable companies in the same industry
#4 yield in peer group
Div Yield
2.9%
#4 of 9
Safety
Sustainable
57.6% payout
Streak
27Y
7.8% 5Y CAGR
Total Shareholder
2.9%
#5 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| CWTCalifornia Water Ser… | $2.6B | 2.9% | 57.6% | 27 | Sustainable |
 AWRAmerican States Wate… | $2.9B | 2.5% | — | 24 | Unknown |
 MSEXMiddlesex Water Comp… | $946M | 2.7% | 58.2% | 21 | Sustainable |
3rd  YORWThe York Water Compa… | $465M | 3.0% | 62.9% | 31 | Watch |
2nd  ARTNAArtesian Resources C… | $323M | 3.9% | 55.5% | 31 | Sustainable |
1st  GWRSGlobal Water Resourc… | $202M | 4.3% | 2.8% | 4 | Sustainable |
 AWKAmerican Water Works… | $24.6B | 2.6% | 57.0% | 12 | Sustainable |
 XYLXylem Inc. | $27.7B | 1.4% | 40.9% | 15 | Sustainable |
 FELEFranklin Electric Co… | $4.4B | 1.1% | 34.0% | 32 | Sustainable |
CWT Annual Dividend History (1985–2026)
42 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.68 | — | 2 | — | — | — | 1.3% |
| 2025 | $1.24 | 10.7% | 4 | $2.15 | 57.7% | 1.73x | 2.3% |
| 2024 | $1.12 | 7.7% | 4 | $3.25 | 34.5% | 2.90x | 2.1% |
| 2023 | $1.04 | 4.0% | 4 | $0.91 | 114.3% | 0.88x | 1.9% |
| 2022 | $1.00 | 8.7% | 4 | $1.77 | 56.5% | 1.77x | 1.9% |
| 2021 | $0.92 | 8.2% | 4 | $1.96 | 46.9% | 2.13x | 1.7% |
| 2020 | $0.85 | 7.6% | 4 | $1.97 | 43.1% | 2.32x | 1.6% |
| 2019 | $0.79 | 5.3% | 4 | $1.31 | 60.3% | 1.66x | 1.5% |
| 2018 | $0.75 | 4.2% | 4 | $1.36 | 55.1% | 1.81x | 1.4% |
| 2017 | $0.72 | 4.3% | 4 | $1.52 | 47.4% | 2.11x | 1.3% |
See CWT's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonCWT — Frequently Asked Questions
Quick answers to the most common questions about buying CWT stock.
How much dividend does CWT pay per share?
California Water Service Group (CWT) pays a trailing 12-month dividend of $1.24 per share, with a current dividend yield of +2.9%. Payments are made Semi-Annual.
When is CWT's next ex-dividend date?
CWT's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. CWT typically pays dividends Semi-Annual.
Is CWT's dividend safe?
CWT's dividend safety is rated "Sustainable" based on an earnings payout ratio of +57.6% and FCF payout ratio of N/A. With 27 consecutive years of dividend growth, the track record supports sustainability.
Is CWT a Dividend Aristocrat?
Yes, California Water Service Group is classified as a Dividend Aristocrat with 27 consecutive years of dividend increases. The 5-year dividend CAGR is +7.8%, demonstrating above-inflation dividend growth.
How often does CWT pay dividends?
California Water Service Group pays dividends Semi-Annual. The trailing 12-month total is $1.24 per share. Dividend data on this page covers 41+ years from 1985 to 2026.
How much would $10,000 invested in CWT grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in CWT five years ago would be worth approximately $8,388 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is CWT's yield on cost for long-term holders?
CWT's yield on cost — the current dividend divided by the original purchase price — is +2.3% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.9% market yield, thanks to consistent dividend growth.