Water utility company increases dividend payout
- SJW Group raises quarterly dividend by 5.3%
- New payout of 40 cents per share represents an annual yield of 2.67%
- Dividend payable on March 1 to shareholders of record on Feb. 5
- SJW Group has raised its dividend for 56 straight years
SJW Group’s board has announced a 5.3% increase in the company’s quarterly dividend, raising it from 38 cents to 40 cents per share. This new payout, equivalent to $1.60 per year, offers an annual yield of approximately 2.67%. Shareholders of record as of February 5 will receive the increased dividend on March 1. SJW Group has an impressive track record, having raised its dividend for 56 consecutive years, solidifying its position among the elite group of dividend kings.
Public Companies: SJW Group (SJW)
Private Companies:
Key People:
Factuality Level: 10
Justification: The article provides factual information about SJW Group’s board raising the water utility holding company’s quarterly dividend by 5.3%. It also mentions the new payout, the annual yield, and the dates of payment. The article includes a reference to the company’s record of raising dividends for 56 straight years and its inclusion in the dividend kings group.
Noise Level: 8
Justification: The article provides information about SJW Group raising its dividend and its inclusion in the elite roster of dividend kings. However, it lacks analysis, evidence, or actionable insights. It stays on topic but does not provide any new knowledge or hold powerful people accountable. Overall, the article contains mostly filler content and does not provide much value beyond the basic information.
Financial Relevance: Yes
Financial Markets Impacted: Water utility holding companies
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses SJW Group’s dividend increase. There is no mention of any extreme event.
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