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NEW YORK ( TheStreet) -- The ex-dividend date for California Water Service Group (NYSE: CWT) is tomorrow, February 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $18.50 as of 9:30 a.m. ET, the dividend yield is 3.5%. The average volume for California Water Service Group has been 208,800 shares per day over the past 30 days. California Water Service Group has a market cap of $757.7 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 18.6, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.