SJW Group (NYSE:SJW) Plans $0.40 Quarterly Dividend

SJW Group (NYSE:SJW - Get Free Report) declared a quarterly dividend on Friday, October 25th, Zacks reports. Shareholders of record on Monday, November 4th will be given a dividend of 0.40 per share by the utilities provider on Monday, December 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Monday, November 4th.

SJW Group has increased its dividend payment by an average of 5.9% annually over the last three years and has increased its dividend every year for the last 57 years. SJW Group has a dividend payout ratio of 54.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect SJW Group to earn $2.98 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 53.7%.

SJW Group Stock Performance

SJW stock traded down $0.77 during midday trading on Friday, hitting $54.89. The company's stock had a trading volume of 221,035 shares, compared to its average volume of 249,358. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 3.37 and a beta of 0.63. SJW Group has a 1 year low of $51.17 and a 1 year high of $70.43. The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 1.25. The stock's 50-day moving average price is $58.25 and its 200 day moving average price is $56.92.

Analyst Upgrades and Downgrades

Several brokerages have commented on SJW. Bank of America assumed coverage on shares of SJW Group in a research report on Friday, September 20th. They issued a "neutral" rating and a $65.00 price objective on the stock. StockNews.com lowered SJW Group from a "hold" rating to a "sell" rating in a report on Tuesday. Finally, Wells Fargo & Company lowered their target price on SJW Group from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Tuesday.

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.