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....
Read the full article on Seeking Alpha
For further details see:
SJW Group: The Dividend Aristocrat Approaches A Buy Zone