SJW Gr's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
SJW Group (NYSE:SJW) has announced a quarterly dividend of 38 cents per share, which will be paid out to shareholders on December 01, 2023. The ex-dividend date is Friday, meaning the stock will likely open 38 cents lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
October 31, 2023 | 2:45 pm
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SJW Group's stock price is expected to open lower on the ex-dividend date due to the dividend payout. However, this is a normal occurrence and does not reflect negatively on the company's performance.
The ex-dividend date is the date on which a stock starts trading without the value of its next dividend payment. This typically results in the stock price opening lower to reflect the amount of the dividend. However, this is a standard practice and does not indicate any underlying issues with the company. Investors who own the stock prior to the ex-dividend date will receive the dividend, providing them with a return on their investment.
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IMPORTANCE 80
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