Stock appreciation has accounted for a major chunk of water utilities’ returns in 2016, as compared to dividends paid by utility companies during the same period. Remember, total returns consider a stock’s gains as well as dividends paid during a particular period.
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As you can see in the chart above, California Water Service Group (CWT) and American Water Works (AWK) returned 42% and 30%, respectively, in the past year, outperforming broader markets by a huge margin.
Continue to the next part for a look at these four utilities’ current valuations.