California Water Service Group Board of Directors Declares 316th Consecutive Quarterly Dividend and 57th Consecutive Annual Dividend Increase
25 Janeiro 2024 - 7:28PM
At its meeting on January 25, 2024, the California Water Service
Group (NYSE: CWT) Board of Directors declared the company's 316th
consecutive quarterly dividend, increasing the annual dividend by
$0.08, or 7.7% from $1.04 to $1.12. This represents the company’s
57th consecutive annual dividend increase. The quarterly dividend
of $0.26 per common share will be payable on February 23, 2024 to
stockholders of record as of the close of business on February 12,
2024.
California Water Service Group is the parent company of
regulated utilities California Water Service, Hawaii Water Service,
New Mexico Water Service, and Washington Water Service, as well as
Texas Water Service, a utility holding company. Together, these
companies provide regulated and non-regulated water and wastewater
service to more than 2.1 million people in California, Hawaii, New
Mexico, Washington, and Texas. California Water Service Group’s
common stock trades on the New York Stock Exchange under
the symbol “CWT.” Additional information is available online
at www.calwatergroup.com.
This news release contains forward-looking
statements within the meaning established by the Private Securities
Litigation Reform Act of 1995 ("PSLRA"). The forward-looking
statements are intended to qualify under provisions of the federal
securities laws for "safe harbor" treatment established by the
PSLRA. Forward-looking statements in this news release are based on
currently available information, expectations, estimates,
assumptions and projections, and our management's beliefs,
assumptions, judgments and expectations about us, the water utility
industry and general economic conditions. These statements are not
statements of historical fact. When used in our document,
statements that are not historical in nature, including words like
will, would, expects, intends, plans, believes, may, could,
estimates, assumes, anticipates, projects, progress, predicts,
hopes, targets, forecasts, should, seeks or variations of these
words or similar expressions are intended to identify
forward-looking statements. Forward-looking statements are not
guarantees of future performance. They are based on numerous
assumptions that we believe are reasonable, but are subject to
uncertainty and risks. Actual results may vary materially from what
is contained in a forward-looking statement. Factors that may cause
actual results to be different than those expected or anticipated
include, but are not limited to: governmental and regulatory
commissions' decisions; consequences of eminent domain actions
relating to our water systems; changes in regulatory commissions'
policies and procedures; the outcome and timeliness of regulatory
commissions' actions concerning rate relief and other actions;
changes in water quality standards; changes in environmental
compliance and water quality requirements; electric power
interruptions; the impact of opposition to rate increases; our
ability to recover costs; availability of water supplies; issues
with the implementation, maintenance or security of our information
technology systems; civil disturbances or terrorist threats or
acts; the adequacy of our efforts to mitigate physical and cyber
security risks and threats; the ability of our enterprise risk
management processes to identify or address risks adequately;
changes in customer water use patterns and the effects of
conservation; the impact of weather, climate change, natural
disasters, and actual or threatened public health emergencies; the
impact of market conditions and volatility on unrealized gains or
losses on our operating results; risks associated with expanding
our business and operations geographically; and other risks and
unforeseen events described in our SEC filings. In light of these
risks, uncertainties and assumptions, investors are cautioned not
to place undue reliance on forward-looking statements, which speak
only as of the date of this news release. When considering
forward-looking statements, you should keep in mind the cautionary
statements included in this paragraph, as well as in our Annual
10-K, Quarterly 10-Q’s, and other reports filed from time-to-time
with the Securities and Exchange Commission (SEC). We are not under
any obligation, and we expressly disclaim any obligation to update
or alter any forward-looking statements, whether as a result of new
information, future events or otherwise.
ContactJames P.
Lynch408-367-8200 (analysts)
Shannon Dean 408-367-8243 (media)
California Water Service (NYSE:CWT)
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