SJW Corporation (SJW) to Issue Special Dividend of $0.17 on December 11th
SJW Corporation (NYSE:SJW) declared a special dividend on Friday, November 17th, Wall Street Journal reports. Investors of record on Wednesday, November 29th will be paid a dividend of 0.17 per share by the utilities provider on Monday, December 11th. This represents a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, November 28th.
SJW Corporation has raised its dividend by an average of 3.5% annually over the last three years and has raised its dividend annually for the last 49 consecutive years. SJW Corporation has a payout ratio of 35.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect SJW Corporation to earn $2.52 per share next year, which means the company should continue to be able to cover its $0.87 annual dividend with an expected future payout ratio of 34.5%.
Shares of SJW Corporation (SJW) opened at $66.25 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $1,377.36, a PE ratio of 27.17 and a beta of 0.12. SJW Corporation has a twelve month low of $45.39 and a twelve month high of $67.24.
SJW Corporation (NYSE:SJW) last posted its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.15. The business had revenue of $124.58 million for the quarter, compared to analysts’ expectations of $107.00 million. SJW Corporation had a return on equity of 11.81% and a net margin of 14.83%. equities research analysts predict that SJW Corporation will post 2.48 EPS for the current year.
A number of equities research analysts have commented on the company. BidaskClub cut SJW Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research cut SJW Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 28th. Finally, Janney Montgomery Scott raised SJW Corporation from a “neutral” rating to a “buy” rating in a report on Friday, July 28th.
SJW Corporation Company Profile
SJW Group, formerly SJW Corp., is a holding company. The Company’s subsidiaries include San Jose Water Company, SJWTX, Inc, SJW Land Company and Texas Water Alliance Limited (TWA). SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). It operates through the segments, which include Water Utility Services, Real Estate Services and All Other.
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