Sustaining Growth Momentum: California Water Servs Gr Continues to Excel and Reports Rising Profits
Portfolio Pulse from Benzinga Insights
California Water Servs Gr (NYSE:CWT) will distribute a dividend payout of $0.26 per share, translating to an annualized dividend yield of 1.96%. The company has seen a growth in its dividend per share from $0.79 to $1.00 from 2019 to 2022, and an increase in earnings per share from $1.39 to $1.48. Essential Utilities (NYSE:WTRG) has the highest annualized dividend yield at 3.28% among its industry peers.
August 18, 2023 | 3:05 pm
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NEUTRAL IMPACT
Essential Utilities (NYSE:WTRG) has the highest annualized dividend yield at 3.28% among its industry peers.
While Essential Utilities has the highest annualized dividend yield among its peers, the news does not provide any additional information that could impact the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
California Water Servs Gr (NYSE:CWT) has seen a growth in its dividend per share and earnings per share from 2019 to 2022, indicating good financial health.
The growth in dividends and earnings per share indicates that the company is financially healthy and is likely to continue distributing profits back to its investors, which could positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100