SJW Group (NYSE:SJW) Announces Quarterly Dividend of $0.40

SJW Group (NYSE:SJW) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Monday, May 6th will be paid a dividend of 0.40 per share by the utilities provider on Monday, June 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Friday, May 3rd.

SJW Group has increased its dividend payment by an average of 5.9% per year 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 53.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.0 %

NYSE SJW opened at $54.99 on Thursday. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.64 and a beta of 0.58. The business’s fifty day moving average is $55.57 and its 200-day moving average is $60.46. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.55 and a quick ratio of 0.58. SJW Group has a one year low of $51.37 and a one year high of $77.83.

SJW Group (NYSE:SJW) last released its earnings results on Wednesday, February 21st. The utilities provider reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). SJW Group had a net margin of 12.48% and a return on equity of 6.98%. The company had revenue of $171.34 million during the quarter, compared to analysts’ expectations of $161.23 million. During the same quarter in the previous year, the firm earned $1.09 earnings per share. Equities research analysts predict that SJW Group will post 2.75 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SJW. StockNews.com raised SJW Group from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Seaport Res Ptn upgraded SJW Group from a “neutral” rating to a “buy” rating in a research note on Monday, February 26th. Finally, Wells Fargo & Company upped their price objective on shares of SJW Group from $61.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.00.

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.