SJW Group (SJW) will raise its quarterly dividend by 28.7 percent to $0.28 per share in the first quarter of 2018. The new dividend is payable on March 1, 2018, to shareholders of record at the close of business on February 12, 2018.

"We are pleased that our commitment to delivering exceptional quality water and service to customers and communities has again allowed us to provide a fair return to our shareholders. Investing in sustainable infrastructure also protects and enhances drinking water service and the environment," said Eric W. Thornburg, President and Chief Executive Officer.

Dividends have been paid on SJW Group's and its predecessor's common stock for 297 consecutive quarters and the annual dividend amount has increased in each of the last 50 years.

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.