California Water Service (NYSE:CWT) is a high-quality Dividend King, which has raised its dividend for 54 consecutive years. It has also proved extremely resilient to the coronavirus crisis, just like most utility stocks. It is
California Water Service: This Dividend King Remains Richly Valued
Summary
- CWT has raised its dividend for 54 consecutive years and hence it is a Dividend King.
- The company has proved resilient to the pandemic and is likely to continue raising its dividend for many more years.
- However, CWT is richly valued right now.
I am a chemical engineer with a MS in Food Technology and Economics, and a MENSA member. I am the author of the book "Investing in Stocks and Bonds: The Early Retirement Project" (2024):I am also the author of the book "Mental Math: How to perform math calculations in your mind".I am also the author of 2 other mathematics books ("Arithmetic calculations without a calculator" and "Word Problems") and perform almost all the calculations in my mind, without a calculator, making it easier to make immediate investing decisions among many alternatives. I invest applying fundamental and technical analysis and mainly use options as a tool for both investing and trading. I achieved my goal of financial independence at the age of 45. In my spare time, I follow Warren Buffett's principle: "Some men read playboy. I read financial statements".
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