In partnership with
Good morning.
The dividend raises keep pouring in. So many companies are hiking their payouts this week that it’s hard to keep up with all the announcements. A great problem to have.
Today’s dispatch includes two Dividend Kings, along with a lesser-known oil company that recently made an enormous discovery.
Let’s start with the biggest raise.
California Water Service Group ($CWT) Raises Dividend By 11.7%
here are many excellent water utility stocks that fly under the radar, businesses with 50+ years of continuous dividend growth that are still raising payouts at rates that outpace inflation.
California Water Service Group is one of them.
The company provides water service to roughly 2.1 million people across California, Hawaii, New Mexico, Washington, and Texas.
California Water Service Group is celebrating its 100th anniversary this year and has paid 324 consecutive quarterly dividends during that time. The firm is also a Dividend King, announcing its 59th consecutive annual dividend increase yesterday — an 11.7% hike.
California Water Service Group will now pay a $0.335/share quarterly dividend.
Ex-dividend date: 2/9/26
Payout date: 2/20/26
Forward starting dividend yield: 3.07%
Murphy Oil Corporation ($MUR) Raises Dividend By 7.7%
Murphy Oil Corporation is an independent oil and natural gas company that recently made a major discovery.
Earlier this month, the company announced what could be the largest Southeast Asian oil discovery in 20 years, uncovering a massive reservoir in Vietnam’s Cuu Long Basin. Current estimates suggest the field may contain 170–430+ million barrels of oil equivalent.
In addition to this discovery, Murphy Oil operates both onshore and offshore assets across Western Canada, South Texas, and the Gulf of Mexico.
Yesterday, the company announced a 7.7% dividend increase.
Murphy Oil Corporation will now pay a $0.35/share quarterly dividend.
Ex-dividend date: 2/17/26
Payout date: 3/2/26
Forward starting dividend yield: 4.46%
Consolidated Edison, Inc. ($ED) Raises Dividend By 4.4%
Did you know that Thomas Edison used to drink Vin Mariani, an alcoholic beverage made from wine infused with cocaine?
Perhaps that explains why the “Wizard of Menlo Park” never slept.
Consolidated Edison, Inc. traces its roots back to Thomas Edison himself.
Today, Consolidated Edison is a popular dividend stock and utility investment, providing regulated electric and gas services to more than 3.6 million customers.
The company is also a Dividend King, recently announcing its 52nd consecutive annual dividend increase — a 4.4% raise.
Consolidated Edison, Inc. will now pay an $0.8875/share quarterly dividend.
Ex-dividend date: 2/18/26
Payout date: 3/16/26
Forward starting dividend yield: 3.37%
Learn Real Estate Investing from Wharton's Best Minds
In just 8 weeks, learn institutional-grade real estate analysis and modeling from Wharton faculty and seasoned investors.
You’ll gain:
Insider insights on how top firms like Blackstone and KKR evaluate deals
Exclusive invites to recruiting and networking events
Direct access to Wharton faculty and a certificate that signals credibility
Join a thriving community of 5,000+ graduates for ongoing career development, networking, and deal flow.
Use code SAVE300 at checkout to save $300 on tuition.
Program starts February 9.
Thank you for reading and have a wonderful day!
P.S. Enjoying the newsletter? Forward it to a friend who loves dividends.
Disclaimer: This article is for entertainment purposes only. It is not financial advice, always do your own research.
