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3 Water Utility Stocks for Investors to Drink Up

Water utility companies are some of the safest dividend-paying stocks around

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Water Utility Stock #3: California Water Service

water utility, water utility stock, California Water Service (NYSE: CWT)California Water Service (CWT) is the third-largest publicly traded water utility in the country—and the largest west of the Mississippi River. The company has raised its dividend for 47 years in a row.

On February 26, CWT reported fourth-quarter net income of $5.66 million, a 12% increase over the year-ago quarter. Investors responded well, pushing the water utility stock up almost 2% after the earnings announcement.

However, at a price/earnings ratio of just over 23x earnings, the stock does trade at a slightly richer premium than our other two choices. CWT may be one utility to put on your watchlist.

Dividend Yield: 2.7%


Richard Band’s Profitable Investing advisory service helps retirement savers outperform the market without losing a minute of sleep along the way. His straightforward style and low-risk “value” approach has won seven “Best Financial Advisory” awards from the Newsletter and Electronic Publishers Foundation.


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