California Water Service Group Board of Directors Declares 272nd Consecutive Quarterly Dividend and 46th Consecutive Annual D...
January 30 2013 - 4:15PM
Marketwired
At its meeting today, the California Water Service Group (NYSE:
CWT) Board of Directors declared the company's 272nd consecutive
quarterly dividend, increasing the annual dividend from $0.63 to
$0.64. This represents the company's 46th consecutive annual
dividend increase. The quarterly dividend of $0.1600 per common
share will be payable on February 22, 2013, to stockholders of
record on February 11, 2013.
California Water Service Group is the parent company of
California Water Service Company, Washington Water Service Company,
New Mexico Water Service Company, Hawaii Water Service Company,
Inc., CWS Utility Services, and HWS Utility Services. Together
these companies provide regulated and non-regulated water service
to nearly 2 million people in California, Washington, New Mexico,
and Hawaii. Group's common stock trades on the New York Stock
Exchange under the symbol "CWT."
This news release contains forward-looking statements within the
meaning established by the Private Securities Litigation Reform Act
of 1995 ("Act"). The forward-looking statements are intended to
qualify under provisions of the federal securities laws for "safe
harbor" treatment established by the Act. Forward-looking
statements are based on currently available information,
expectations, estimates, assumptions and projections, and
management's judgment about the Company, the water utility industry
and general economic conditions. Such words as expects, intends,
plans, believes, estimates, assumes, anticipates, projects,
predicts, forecasts or variations of such words or similar
expressions are intended to identify forward-looking statements.
The forward-looking statements are not guarantees of future
performance. They are subject to uncertainty and changes in
circumstances. Actual results may vary materially from what is
contained in a forward-looking statement. Factors that may cause a
result different than expected or anticipated include, but are not
limited to: governmental and regulatory commissions' decisions;
changes in regulatory commissions' policies and procedures; the
timeliness of regulatory commissions' actions concerning rate
relief; new legislation; electric power interruptions; increases in
suppliers' prices and the availability of supplies including water
and power; fluctuations in interest rates; changes in environmental
compliance and water quality requirements; acquisitions and our
ability to successfully integrate acquired companies; the ability
to successfully implement business plans; changes in customer water
use patterns; the impact of weather on water sales and operating
results; access to sufficient capital on satisfactory terms; civil
disturbances or terrorist threats or acts, or apprehension about
the possible future occurrences of acts of this type; the
involvement of the United States in war or other hostilities;
restrictive covenants in or changes to the credit ratings on our
current or future debt that could increase our financing costs or
affect our ability to borrow, make payments on debt or pay
dividends; and, other risks and unforeseen events. When considering
forward-looking statements, you should keep in mind the cautionary
statements included in this paragraph, as well as the annual 10-K,
Quarterly 10-Q, and other reports filed from time-to-time with the
Securities and Exchange Commission (SEC). The Company assumes no
obligation to provide public updates of forward-looking
statements.
Additional information is available at our web site at
www.calwatergroup.com.
CALIFORNIA WATER SERVICE GROUP 1720 North First Street San Jose,
CA 95112-4598
Contact: Tom Smegal (408) 367-8200 (analysts) Shannon Dean (310)
257-1435 (media)
California Water Service (NYSE:CWT)
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