NEW YORK ( TheStreet) -- The ex-dividend date for California Water Service Group (NYSE: CWT) is tomorrow, August 4, 2011. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $18.13 as of 9:34 a.m. ET, the dividend yield is 3.3%.

The average volume for California Water Service Group has been 254,700 shares per day over the past 30 days. California Water Service Group has a market cap of $768.2 million and is part of the utilities sector and utilities industry. Shares are down 2.7% 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, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates California Water Service Group as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations and growth in earnings per share. 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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