NEW YORK ( TheStreet) -- The ex-dividend date for California Water Service Group (NYSE: CWT) is tomorrow, May 5, 2011. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $37.63 as of 9:30 a.m. ET, the dividend yield is 3.3%.

The average volume for California Water Service Group has been 108,100 shares per day over the past 30 days. California Water Service Group has a market cap of $784.6 million and is part of the utilities sector and utilities industry. Shares are up 1% year to date as of the close of trading on Tuesday.

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. The company has a P/E ratio of 20.8, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.
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TheStreet Ratings rates California Water Service Group as a buy. Among the primary strengths of the company is its generally strong cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full California Water Service Group Ratings Report.

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