SJW Gr: Dividend Insights
Portfolio Pulse from Benzinga Insights
SJW Group (NYSE:SJW) has announced a quarterly dividend of 40 cents per share, with Thursday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Friday, meaning it will likely open 40 cents lower. Shareholders owning the stock by the end of Thursday will receive the dividend on March 01, 2024.
January 30, 2024 | 2:45 pm
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SJW Group will pay a quarterly dividend of 40 cents per share, with shares expected to open lower on the ex-dividend date due to the payout adjustment.
The stock price of SJW Group is likely to decrease in the short term as it goes ex-dividend, which is a common occurrence as the stock price adjusts for the dividend payout. Investors who purchase the stock on or after the ex-dividend date will not receive the dividend, making the stock less attractive on that particular day.
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