Like their municipal and privately owned counterparts, investor-owned water utilities deliver drinking water to customers' homes and businesses. After a period of considerable consolidation in the industry, only 11 investor-owned water utilities remain in the United States. Investor-owned water utilities typically appeal to conservative investors because their rates are regulated, their earnings drivers are straightforward, their dividends are steady, and their product is both essential and irreplaceable. California Water Service Group is the third largest investor-owned water utility in the United States.
If you are a securities analyst, portfolio manager, or other representative from the investment community, please contact:
Thomas F. Smegal III
Vice President, Chief Financial Officer
Phone (408) 367-8200
Jul 29, 2021
SAN JOSE, Calif. , July 29, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) ( “Company”) today announced net income of $38.2 million or $0.75 earnings per diluted common share for the second quarter of 2021, compared to a net income of $5.3 million or $0.11 earnings per diluted
Jul 28, 2021
SAN JOSE, Calif. , July 28, 2021 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 306 th consecutive quarterly dividend in the amount of $0.23 per common share. It will be payable on August 20, 2021 , to stockholders
California Water Service Removes Elevated Storage Tank in King City; Improves Water Pressure with Booster Pumps
Jul 14, 2021
KING CITY, Calif.—California Water Service (Cal Water) recently decommissioned and removed its 100,000-gallon, elevated water tank first put into service in 1929. The tank, located in downtown King City, no longer meets newer seismic standards and has not been in use since 2013.