SJW Group (NYSE:SJW) Declares $0.32 Quarterly Dividend

SJW Group (NYSE:SJW) announced a quarterly dividend on Wednesday, October 28th, Zacks reports. Shareholders of record on Monday, November 9th will be paid a dividend of 0.32 per share by the utilities provider on Tuesday, December 1st. This represents a $1.28 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Friday, November 6th.

SJW Group has raised its dividend by 48.2% over the last three years and has raised its dividend every year for the last 1 years.

SJW Group stock traded down $0.26 during trading hours on Friday, reaching $61.37. The stock had a trading volume of 185 shares, compared to its average volume of 120,693. The stock has a market cap of $1.76 billion, a PE ratio of 67.73, a PEG ratio of 2.10 and a beta of 0.27. SJW Group has a 52 week low of $45.60 and a 52 week high of $74.99. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.56 and a quick ratio of 0.56. The company has a fifty day simple moving average of $65.50 and a 200-day simple moving average of $66.43.

SJW Group (NYSE:SJW) last posted its earnings results on Thursday, August 6th. The utilities provider reported $0.69 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.02). SJW Group had a return on equity of 5.01% and a net margin of 5.20%. The company had revenue of $147.21 million during the quarter, compared to analysts’ expectations of $136.09 million. Research analysts predict that SJW Group will post 2.08 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on SJW shares. TheStreet raised shares of SJW Group from a “c+” rating to a “b” rating in a research report on Wednesday, October 21st. Zacks Investment Research raised shares of SJW Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 20th. Finally, Wells Fargo & Company cut shares of SJW Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 11th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $71.00.

About SJW Group

SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases; contracted services and sewer operations to water utilities in Connecticut; and a Linebacker, subscription service line protection plan for public drinking water customers, as well as offers repair or replace a leaking or broken water service line, curb box, curb box cover, meter pit, meter pit cover, and meter pit valve.

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Dividend History for SJW Group (NYSE:SJW)

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