SJW Group (SJW) Announces Quarterly Dividend of $0.28

SJW Group (NYSE:SJW) announced a quarterly dividend on Wednesday, January 31st, Zacks reports. Shareholders of record on Monday, February 12th will be given a dividend of 0.28 per share by the utilities provider on Thursday, March 1st. This represents a $1.12 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Friday, February 9th. This is a boost from SJW Group’s previous quarterly dividend of $0.22.

SJW Group has raised its dividend payment by an average of 5.1% per year over the last three years and has increased its dividend every year for the last 50 years. SJW Group has a dividend payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. Analysts expect SJW Group to earn $2.52 per share next year, which means the company should continue to be able to cover its $0.87 annual dividend with an expected future payout ratio of 34.5%.

Shares of SJW Group (NYSE SJW) opened at $58.92 on Friday. SJW Group has a 1 year low of $45.39 and a 1 year high of $69.29. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $1,209.10, a P/E ratio of 23.85 and a beta of 0.10.

Separately, Zacks Investment Research raised SJW Group from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Tuesday, October 31st.

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SJW Group Company Profile

SJW Group, formerly SJW Corp., is a holding company. The Company’s subsidiaries include San Jose Water Company, SJWTX, Inc, SJW Land Company and Texas Water Alliance Limited (TWA). SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). It operates through the segments, which include Water Utility Services, Real Estate Services and All Other.

Dividend History for SJW Group (NYSE:SJW)

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