SJW Group Announces 2024 Quarterly Dividend Increase From $0.38 To $0.40 Per Share
Portfolio Pulse from Benzinga Newsdesk
SJW Group (NYSE:SJW) has announced an increase in its quarterly dividend from $0.38 to $0.40 per share, starting March 1, 2024. This marks a 5.3% increase in the annual dividend and extends the company's streak to 56 consecutive years of annual dividend increases. The annualized dividend for 2024 will be $1.60 per share, up from $1.52 in 2023. The company has a long history of paying dividends, with more than 80 years of consecutive payments and increases for the past 56 years.
January 25, 2024 | 2:05 pm
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SJW Group has declared a dividend increase to $0.40 per share, reflecting a 5.3% annual increase and a continuation of its 56-year record of dividend growth.
Dividend increases are typically seen as a sign of a company's financial health and commitment to returning value to shareholders. The increase in SJW Group's dividend is likely to be viewed positively by investors, especially those focused on income, potentially leading to a short-term positive impact on the stock price.
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