SJW - Dividend announcements

First quarter 2025 reported diluted EPS of $0.49, a 36% increase in diluted EPS over the prior year, and adjusted diluted EPS of $0.50, a 39% increase in adjusted diluted EPS over the prior yearFirst quarter 2025 infrastructure investment was $78.2 million2, on track for full-year capital expenditures of $473 million2 due to seasonality of the construction seasonDeclares $0.42 cash dividend per share of common stock SAN JOSE, Calif., April 28, 2025 (GLOBE NEWSWIRE) -- SJW Group (NASDAQ:SJW) today reported financial results for the first quarter of 2025. "We are pleased with our financial results for the quarter, which demonstrate the strength of our local water operations and the continu

2024 reported diluted EPS of $2.87 and adjusted diluted EPS of $2.95, ahead of guidance2025 estimated adjusted diluted EPS (non-GAAP) guidance of $2.90 to $3.001Five-year capital plan increasing 25% to $2.0 billion2 to fund infrastructure replacement, PFAS remediation and additional water supplies SAN JOSE, Calif., Feb. 26, 2025 (GLOBE NEWSWIRE) -- SJW Group (NASDAQ:SJW) today reported financial results for 2024. "I am pleased to report another year of strong performance, driven by our talented teams and a proven business strategy that delivers results," stated SJW Group Chair, CEO, and President Eric W. Thornburg. "Our year-over-year EPS growth, exceeding our 2024 guidance, and substant

5% increase in annual dividend57 consecutive years of annual dividend increasesMore than 80 consecutive years of dividend payments SAN JOSE, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of SJW Group (NASDAQ:SJW) has declared a quarterly cash dividend of $0.42 per share payable on March 3, 2025, to all shareholders of record at the close of business on Feb. 10, 2025. The March dividend will represent a 5% increase over the dividend paid in December 2024. The 2025 annualized dividend is expected to be $1.68 per share compared with $1.60 per share in 2024. "The action by our board to increase the annual dividend demonstrates its continuing confidence in SJW Group's miss

Delivers $0.64 of GAAP diluted earnings per share (EPS), a year-over-year increase of $0.06; adjusted diluted EPS (non-GAAP) of $0.66, a year-over-year increase of $0.08 Invests $158 million in infrastructure during the first half of 2024, or approximately 48% of 2024 capital budget Agreement in principle reached on California general rate case (GRC) Updates 2024 GAAP guidance to $2.66 to $2.76 diluted EPS. Reaffirms 2024 guidance range of $2.68 to $2.78 for adjusted diluted EPS (non-GAAP) Declares $0.40 cash dividend per share of common stock SJW Group (NYSE:SJW) today reported financial results for the second quarter ended June 30, 2024. "We are pleased with our financia

Delivers $0.36 of diluted earnings per share (EPS), a slight year-over-year decrease of $0.01 Invests $69 million in infrastructure Secures 10.01% Water Cost of Capital Mechanism (WCCM)-adjusted return on equity in California as of January 1, 2024 Reaffirms 2024 guidance range of $2.68 to $2.78 diluted EPS Declares $0.40 cash dividend per share of common stock SJW Group (NYSE:SJW) today reported financial results for the first quarter ended March 31, 2024. "We are pleased with our financial results for the quarter, which demonstrate the strength of our local water operations and the continued successful execution of our proven business strategy," stated SJW Group Chair, CE

$2.68 of diluted earnings per share in 2023 surpassing $2.43 per diluted share in 2022, initial 2023 guidance of $2.40 to $2.50 and inline with the updated guidance of $2.65 to $2.70 $272 million in infrastructure investments, exceeding 2023 guidance 10.01% Water Cost of Capital Mechanism (WCCM)-adjusted return on equity in California as of January 1, 2024 2024 guidance issued of $2.68 to $2.78 diluted earnings per share SJW Group (NYSE:SJW) today reported financial results for 2023. "With a strong fourth quarter, our 2023 financial results and operating performance exceeded expectations and the initial earnings per share guidance we set for SJW Group at this time last year,"

5.3% increase in annual dividend 56 years of annual dividend increases 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

Diluted earnings of $1.13 per share, a year-over-year increase of $0.31 $196 million investment in infrastructure investments through the first nine months of 2023 Closed on the acquisitions of KT Water Development and KT Water Resources by Texas Water Water Cost of Capital Mechanism (WCCM)-adjusted return on equity of 9.31% in California Quarterly dividend of $0.38 per share declared 2023 Guidance increased to $2.65 to $2.70 from $2.40 to $2.50 SJW Group (NYSE:SJW) today reported financial results for the third quarter ended September 30, 2023. "We are pleased that our third quarter financial results and operating performance continue the strong momentum of the first h

Diluted earnings of $0.58 per share, an increase of $0.20 compared to $0.38 in the same quarter last year $115.7 million investment in infrastructure projects in the first half of 2023 Constructive California Cost of Capital Decision providing Water Cost of Capital Mechanism (WCCM)-adjusted return on equity of 9.31% Quarterly dividend of $0.38 per share declared SJW Group (NYSE:SJW) today reported financial results for the second quarter ended June 30, 2023. "We are pleased with our financial results for the quarter, which demonstrate the strength of our water utility operations and our commitment to providing high-quality and reliable water service to our customers," stated

Diluted earnings of $0.37 per share, an increase of $0.25 compared to $0.12 in the same quarter last year $52.4 million investment in infrastructure projects in the first quarter 2023 2023 guidance range of $2.40 - $2.50 per diluted share reaffirmed Dividend of $0.38 per share declared SJW Group (NYSE:SJW) today reported financial results for the first quarter ended March, 31, 2023. "We are pleased with our financial results for the quarter, which demonstrate the strength of our water utility operations and our commitment to providing high-quality and reliable water service to our customers," stated SJW Group Chair, CEO, and President, Eric W. Thornburg. "We continued to deli

2022 diluted earnings of $2.43 per share, an increase of 20% over the prior year $219 million investment in 2022 infrastructure projects SJW Group (NYSE:SJW) today reported financial results for the fourth quarter and year ended 2022. "SJW Group's strong results in 2022 will lay the foundation for continued success in 2023 and beyond," stated SJW Group Chair, CEO, and President, Eric W. Thornburg. "We addressed the California water supply mix that drove expense volatility in prior years through a settlement agreement approved by the California Public Utilities Commission (CPUC) that benefits customers and San Jose Water Company (SJWC), completed a $60 million generational investment i

5.6% increase in annual dividend 55 years of annual dividend increases The Board of Directors of SJW Group (NYSE:SJW) 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. "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 t

Quarterly 2022 diluted earnings of $0.82 per share Third quarter results impacted by regulatory changes and delay Reaffirms 2022 guidance range of $2.30 to $2.40 per diluted share Approved California rate case decision will add approximately $25.1 million in revenues for 2022 Dividend of $0.36 per share declared SJW Group (NYSE:SJW) today reported third quarter financial results of $0.82 diluted earnings per share (EPS) on operating revenue of $176.0 million compared to third quarter 2021 results of $0.64 diluted EPS on operating revenue of $166.9 million. Diluted EPS in 2022 includes $0.83 per share from recurring operations offset by one-time items totaling $0.01 per share. "S

Quarterly 2022 diluted earnings of $0.38 per share Results impacted by regulatory changes and delay Reaffirms 2022 guidance range of $2.30 to $2.40 per diluted share Dividend of $0.36 per share declared   SJW Group (NYSE:SJW) today reported financial results for the second quarter ended June 30, 2022. SJW Group's net income was $11.6 million based on revenues of $149.0 million for the quarter ended June 30, 2022, compared to net income of $20.8 million with revenues of $152.2 million for the same period in 2021. Diluted earnings per share were $0.38 and $0.69 for the quarters ended June 30, 2022 and 2021, respectively. Diluted earnings per share in 2022 includes $0.39 per share f

First quarter 2022 diluted earnings of $0.12 per share 2022 guidance range of $2.30 to $2.40 per diluted share Dividend of $0.36 per share declared SJW Group (NYSE:SJW) today reported financial results for the first quarter ended March 31, 2022. SJW Group's net income was $3.7 million for the quarter ended March 31, 2022, compared to $2.6 million for the same period in 2021. Diluted earnings per share were $0.12 and $0.09 for the quarters ended March 31, 2022 and 2021, respectively. Diluted earnings per share in 2022 includes $0.09 per share from recurring operations and one-time items totaling $0.03 per share. Diluted earnings per share in 2021 were $0.09 per share from recurring op

SJW Group (NYSE:SJW) today reported financial results for the annual and fourth quarter ended December 31, 2021. Annual Operating Results SJW Group net income was $60.5 million for the year ended December 31, 2021, compared to $61.5 million for the same period in 2020. Diluted earnings per share were $2.03 and $2.14 for the years ended December 31, 2021 and 2020, respectively. SJW Group had previously provided a 2021 guidance range of $1.85 to $2.05 per diluted share. Diluted earnings per share in 2021 includes $1.76 per share from ongoing operations plus the recognition of the Texas Water Alliance Limited ("TWA") holdback amount of $2.6 million (net of tax) or $0.09 per share that was i

5.9% increase in annual dividend 54 years of annual dividend increases   The Board of Directors of SJW Group (NYSE:SJW) has declared a quarterly cash dividend of $0.36 per share payable on March 1, 2022, to all shareholders of record at the close of business on Feb. 7, 2022. The March dividend will represent a 5.9% increase over the dividend paid in December 2021. The 2022 annualized dividend will be $1.44 per share compared with $1.36 per share in 2021. "Today's action by our board demonstrates its continuing confidence in SJW Group's mission and employees," said Eric W. Thornburg, President, Chief Executive Officer and Chair of the Board. "Our team of trusted, passionate and socia

2021 diluted earnings of $1.43 per share Reaffirms 2021 guidance range of $1.85 to $2.05 per diluted share Dividend of $0.34 per share declared SJW Group (NYSE:SJW) today reported financial results for the third quarter ended September 30, 2021. SJW Group net income was $19.1 million for the quarter ended September 30, 2021, compared to $26.1 million for the same period in 2020. Diluted earnings per share were $0.64 and $0.91 for the quarters ended September 30, 2021 and 2020, respectively. Diluted earnings per share in 2020 includes $0.89 per share from ongoing operations and a non-recurring gain on the sale of real estate investments of $0.9 million (net of tax) or $0.03 per share,

Net income increases 8.2% over Q1 2020 First quarter 2021 diluted earnings of $0.09 per share 2021 guidance range of $1.85 to $2.05 per diluted share Dividend of $0.34 per share declared SJW Group (NYSE:SJW) today reported financial results for the first quarter ended March 31, 2021. SJW Group net income was $2.6 million for the quarter ended March 31, 2021, compared to $2.4 million for the same period in 2020. Diluted earnings per share were $0.09 and $0.08 for the quarters ended March 31, 2021 and 2020, respectively. Diluted earnings per share in 2021 includes $0.12 per share from ongoing operations offset by non-recurring expenses related to the Texas ice storms of $0.7 million

SAN JOSE, Calif.--(BUSINESS WIRE)--SJW Group (NYSE: SJW) today reported financial results for the annual and fourth quarter ended December 31, 2020. Annual and Fourth Quarter Highlights “The challenges of 2020 were met head-on by our passionate and dedicated water and wastewater professionals from across our operations to serve our customers, communities, shareholders, and coworkers,” stated Eric W. Thornburg, President and CEO of SJW Group. Thornburg added, “Our teams worked across California, Connecticut, Maine, and Texas state lines to share their expertise and our common culture to protect public health, safeguard employee well-being, deliver for shareholders, and honor our

SAN JOSE, Calif.--(BUSINESS WIRE)--SJW Group (NYSE: SJW) today announced that the Board of Directors approved an increase in the 2021 annual dividend over total dividends paid in 2020 of 6.3%, or $0.08, per share to $1.36 per share. Since 2016, SJW Group has increased the annual dividend by 67.9%. A quarterly dividend of $0.34 per share is payable on March 1, 2021, to shareholders of record at the close of business on Feb. 8, 2021. The company’s annual dividend yield at the stock market closing price on Jan. 27 was 2.1%. “Today’s action by our board reflects their confidence that our passionate and dedicated employees will continue to deliver on our long-term growth strategy of