SJW Group (NYSE:SJW) Plans Quarterly Dividend of $0.42

SJW Group (NYSE:SJW) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Shareholders of record on Monday, February 10th will be paid a dividend of 0.42 per share by the utilities provider on Monday, March 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 3.35%. This is a positive change from SJW Group’s previous quarterly dividend of $0.40.

SJW Group has increased its dividend payment by an average of 5.9% annually over the last three years.

SJW Group Price Performance

Shares of NYSE:SJW traded down $0.46 during midday trading on Wednesday, reaching $50.21. 40,454 shares of the company’s stock traded hands, compared to its average volume of 243,878. The company has a market cap of $1.64 billion, a P/E ratio of 18.21, a PEG ratio of 3.37 and a beta of 0.65. The company has a fifty day simple moving average of $50.65 and a two-hundred day simple moving average of $55.53. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 0.77. SJW Group has a 1 year low of $44.91 and a 1 year high of $62.18.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SJW. StockNews.com cut shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Wells Fargo & Company lowered their price target on SJW Group from $61.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th.

About SJW Group

SJW Group, through its subsidiaries, provides water utility and other related services in the United States. It operates in Water Utility Services and Real Estate Services segments. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District.