SJW - SJW Group: The Dividend Aristocrat Approaches A Buy Zone

2024-04-17 13:49:45 ET

Summary

• SJW Group is a water utility company that offers stable income and has historically provided excellent total return.
• The company's shares have declined by nearly 40% and are now trading close to fair value, with a dividend yield of 3% and good growth prospects.
• SJW operates in California, Connecticut, Maine, and Texas, serving 1.5 million people, and has increased its investments that could boost earnings potential.

SJW Group ( SJW ) is a water utility company. Listed water utilities are interesting investment options for income-seeking investors. In general, water utilities are stable businesses, offering a pure necessity in monopoly-like conditions in their respective geographies. Although their earnings are capped by regulations, historically the shares of water utility companies have provided excellent total returns....

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