SJW Group (NYSE:SJW) declared a quarterly dividend on Wednesday, July 29th, Zacks reports. Investors of record on Monday, August 10th will be paid a dividend of 0.32 per share by the utilities provider on Tuesday, September 1st. This represents a $1.28 annualized dividend and a yield of 2.05%. The ex-dividend date is Friday, August 7th.
SJW Group has raised its dividend payment by an average of 48.2% annually over the last three years and has raised its dividend every year for the last 52 years. SJW Group has a dividend payout ratio of 58.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect SJW Group to earn $2.47 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 51.8%.
SJW traded down $1.10 during midday trading on Friday, hitting $62.47. 1,284 shares of the company’s stock traded hands, compared to its average volume of 95,388. The company has a market cap of $1.78 billion, a PE ratio of 91.33, a price-to-earnings-growth ratio of 2.27 and a beta of 0.27. The stock’s fifty day simple moving average is $62.54 and its 200-day simple moving average is $63.58. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.54 and a quick ratio of 0.54. SJW Group has a one year low of $45.60 and a one year high of $74.99.
SJW Group (NYSE:SJW) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.26). SJW Group had a net margin of 4.35% and a return on equity of 4.67%. The business had revenue of $115.75 million for the quarter, compared to the consensus estimate of $104.80 million. On average, research analysts expect that SJW Group will post 2.05 EPS for the current year.
Several research firms recently issued reports on SJW. Royal Bank of Canada assumed coverage on shares of SJW Group in a research report on Friday, April 24th. They issued an “outperform” rating and a $68.00 price target for the company. Wells Fargo & Co decreased their price target on shares of SJW Group from $78.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 5th. Seaport Global Securities assumed coverage on shares of SJW Group in a research note on Wednesday, May 20th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research raised shares of SJW Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 22nd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $70.83.
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. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.
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