SJW Team Announces 2021 Dividend Maximize | Small business & Finance

A quarterly dividend of $.34 per share is payable on March 1, 2021, to shareholders of file at the close of small business on Feb. 8, 2021. The company’s annual dividend generate at the inventory current market closing price tag on Jan. 27 was 2.1%.

“Today’s motion by our board displays their self-confidence that our passionate and focused staff will continue to deliver on our prolonged-time period progress approach of infrastructure expense, focus on drinking water and wastewater, and serving shoppers at planet-class amounts,” mentioned Eric W. Thornburg, president, main govt officer, and chairman of the board.

Dividends have been paid on SJW Group’s and its predecessor’s frequent stock for much more than 77 a long time and the yearly dividend amount of money has increased in every of the last 53 years, which spots SJW Group in an distinctive team of providers on the New York Inventory Trade.

SJW Team is the second-most significant investor-owned pure-perform drinking water and wastewater utility, based on believed charge base, in the United States, delivering lifesaving and superior-top quality water provider to practically 1.5 million persons. SJW Group’s regionally led and operated drinking water utilities — San Jose H2o Organization in California, The Connecticut Drinking water Enterprise in Connecticut, The Maine Water Corporation in Maine, and SJWTX, Inc. (dba Canyon Lake Water Services Business) in Texas — have the money toughness, operational know-how, and technological innovation to safeguard the environment, provide remarkable provider to customers, and deliver options to personnel. SJW Team continues to be focused on investing in its operations, remaining actively engaged in its regional communities, and delivering continued sustainable benefit to its shareholders. For more details about SJW Team, please go to www.sjwgroup.com.

Forward-Wanting Statements

This release contains ahead-looking statements inside of the indicating of the Private Securities Litigation Reform Act of 1995, as amended. Some of these ahead-searching statements can be determined by the use of ahead-seeking words this sort of as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates,” “projects,” “strategy,” or “anticipates,” or the adverse of those phrases or other similar terminology. These forward-wanting statements are only predictions and are topic to risks, uncertainties, and assumptions that are challenging to forecast.

The accuracy of this kind of statements is issue to a quantity of threats, uncertainties and assumptions which include, but not constrained to, the next aspects: (1) the CPUC’s and PURA’s ultimate decisions in the GRCs of San Jose Drinking water Organization and The Connecticut Drinking water Business, respectively, and timeliness of this sort of conclusions, and the outcome of h2o, utility, environmental and other governmental guidelines and restrictions, together with actions relating to premiums, licensed return on fairness, licensed capital buildings, capital expenditures and other selections (2) variations in need for h2o and other expert services (3) the effects of the Coronavirus (“COVID-19”) pandemic on our organization procedure and money results (4) unanticipated weather conditions and alterations in seasonality (5) local climate transform and the consequences thereof (6) unanticipated prices, rates or costs (7) our ability to correctly assess investments in new small business and growth initiatives (8) the chance of perform stoppages, strikes and other labor-associated steps (9) catastrophic gatherings these types of as fires, earthquakes, explosions, floods, ice storms, tornadoes, hurricanes, terrorist acts, bodily attacks, cyber-attacks, or other identical occurrences (10) changes in common financial, political, business enterprise and fiscal market place problems (11) the skill to receive financing on favorable phrases, which can be influenced by several elements, together with credit score ratings, modifications in interest costs, compliance with regulatory demands, compliance with the terms and disorders of our superb indebtedness, and common inventory and personal debt industry problems and (12) legislative and normal market place and economic developments.

In addition, real results are topic to other hazards and uncertainties that relate extra broadly to our total business, together with all those far more entirely explained in SJW Group’s filings with the SEC, which include the most new reviews on Kind 10-K, Variety 10-Q and Sort 8-K. Ahead-seeking statements are not guarantees of effectiveness, and discuss only as of the date produced, and we undertake no obligation to update or revise any forward-hunting statements apart from as necessary by regulation.

James P. Lynch, 408-279-7966

Main Fiscal Officer and Treasurer

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PUB: 01/28/2021 07:30 PM/DISC: 01/28/2021 07:30 PM