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The Board of Directors of SJW Group (NYSE:SJW) has declared a quarterly cash dividend of $0.40 per share payable on March 1, 2024, to all shareholders of record at the close of business on Feb. 5, 2024.
The March dividend will represent a 5.3% increase over the dividend paid in December 2023. The 2024 annualized dividend will be $1.60 per share compared with $1.52 per share in 2023.
"Today's action by our board to increase the annual dividend demonstrates its continuing confidence in SJW Group's mission and employees," said President, Chief Executive Officer and Chair of the Board Eric W. Thornburg. "Our team of trusted, passionate and socially responsible professionals is committed to delivering life-sustaining, high-quality water and exceptional service while protecting the environment, enhancing our communities and delivering value for shareholders."
Dividends have been paid on SJW Group's and its predecessor's common stock for more than 80 years, and the annual dividend amount has increased in each of the past 56 years, placing SJW Group in an exclusive group of companies on the New York Stock Exchange.
Posted In: SJW
