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NEW YORK ( TheStreet) -- The ex-dividend date for California Water Service Group (NYSE: CWT) is tomorrow, May 3, 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 as of 9:30 a.m. ET, the dividend yield is 3.5%. The average volume for California Water Service Group has been 308,300 shares per day over the past 30 days. California Water Service Group has a market cap of $758.9 million and is part of the utilities sector and utilities industry. Shares are down 1.3% year to date as of the close of trading on Tuesday. California Water Service Group, through its subsidiaries, provides regulated and non-regulated water services. The company has a P/E ratio of 20.1, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.