SJW Group Has Declares Quarterly Cash Dividend, Payable on March 1, 2023
January 26, 2023 at 02:20 pm
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The Board of Directors of SJW Group has declared a quarterly cash dividend of $0.38 per share payable on March 1, 2023, to all shareholders of record at the close of business on Feb. 6, 2023. The March dividend will represent a 5.6% increase over the dividend paid in December 2022.
The 2023 annualized dividend will be $1.52 per share compared with $1.44 per share in 2022.
SJW Group is a water and wastewater utilities company providing water service. The Company operates through four wholly owned subsidiaries, namely, San Jose Water Company (SJWC), SJWNE LLC, SJWTX Holdings, Inc., and SJW Land Company. SJWNE LLC is a special purpose entity holding company for Connecticut Water Service, Inc. (CTWS) (and its wholly owned subsidiaries, The Connecticut Water Company (CWC), The Maine Water Company (MWC), Chester Realty, Inc. and New England Water Utility Services, Inc. (NEWUS)). SJWTX Holdings, Inc. is the holding company for SJWTX, Inc., doing business as The Texas Water Company (TWC), Texas Water Operation Services, LLC (TWOS) and Texas Water Resources, LLC (TWR). The Company, through its wholly owned subsidiaries, primarily provides water utility and other related services in California, Connecticut, Maine and Texas. SJW Group has business in property management and real estate investment activity conducted by SJW Land Company and Chester Realty, Inc.