SJW Group (SJW) will raise its quarterly dividend to $0.2175 per share. SJW Group was originally formed in 1985 as a California corporation with the name "SJW Corp.", and changed its name to "SJW Group" in 2016.
The increased dividend is payable on March 1, 2017, to shareholders of record at the close of business on February 6, 2017.
SJW Group, headquartered in San Jose, California, is the parent company of San Jose Water Company, SJWTX, Inc., Texas Water Alliance Limited, and SJW Land Company. Together, San Jose Water Company and SJWTX, Inc. provide water service in San Jose, California and nearby communities and in Canyon Lake, Texas and nearby communities. SJW Land Company owns and operates commercial real estate investments.