SJW (US:SJW) ZACKSยท2024-08-12 16:47Company Overview - SJW is based in San Jose and operates in the Utilities sector, specifically as the parent company of San Jose Water Co. [3] - The company's shares have experienced a price change of -11.68% this year [3]. Dividend Information - SJW currently pays a dividend of $0.4 per share, resulting in a dividend yield of 2.77%, which is higher than the Utility - Water Supply industry's yield of 2.04% and the S&P 500's yield of 1.62% [3]. - The annualized dividend of $1.60 represents a 5.3% increase from the previous year, with an average annual increase of 6.05% over the last five years [4]. - The company's payout ratio stands at 58%, indicating that it paid out 58% of its trailing 12-month earnings per share as dividends [4]. Earnings Growth - The Zacks Consensus Estimate for SJW's earnings in 2024 is $2.76 per share, reflecting an expected increase of 2.99% from the previous year [5]. Investment Appeal - SJW is considered an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 2 (Buy) [7].