Growing Well, but also in line with its potential: The SJW Group (SJW)

SJW Group (NYSE: SJW) stock was trading up 1.45% to 65.86% at the last close. In the past three months, shares of the company’s stock have changed 3.25% and 1.42% within five days. SJW claims are down -5.05% year to date (YTD), with the stock’s 12-month performance down -11.54%.

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Company’s Info

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SJW Group is the second-largest investor-owned pure-play water and wastewater utility, serving over 1.5 million people in the United States, providing life-giving and great-quality water service.

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What happened recently?

The Board of Directors of SJW Group (NYSE: SJW) approved an increase of 6.3%, or $0.08, in its 2021 annual dividend. Since 2016, the annual dividend has increased by 67.9% at SJW Group.

Upon the close of business on February 8, 2021, a quarterly dividend of $0.34 per share will be paid to shareholders of record on March 1, 2021. Based on stock market closing prices on January 27, the company had an annual dividend yield of 2.1%.

Eric W. Thornburg, president, chief executive officer, and chairman of the board, said: “Today’s action by the board reflects board confidence that our passionate employees will continue to deliver on our long-term infrastructure investment plan, focus on water, wastewater, and outstanding customer service.

Since SJW Group and its predecessors began paying dividends on common stock in 1953, the annual dividend amount has increased every year, placing SJW Group in the exclusive club of New York Stock Exchange companies.

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Insiders News

A recent SEC filing also revealed that 12 new insiders purchased 19,242 shares. However, during the past three months, SJW said 16,106 shares were sold in 17 insider transactions. Insider ownership in a company signals confidence in its prospects. Consequently, this leads to the company maximizing shareholder value and creating profits.

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