Benzinga | Feb 4, 2021 11:33AM EST

Ex-Dividend Date Insight: SJW Gr

On January 28, 2021, SJW Gr (NYSE:SJW) declared a dividend payable on March 1, 2021 to its shareholders. SJW Gr also announced that shareholders on the company's books on or before February 8, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. SJW Gr has an ex-dividend date set for for February 5, 2021. The company's current dividend payout is $0.34, which equates to a dividend yield of 2.09% at current price levels.

What Are Ex-Dividend Dates?

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

SJW Gr's Dividend Payouts And Yields

Over the past year, SJW Gr has experienced an overall upward trend regarding its dividend payouts and yields. Last year on February 7, 2020 the company's payout was $0.32, which has since grown by $0.02. Similarly, SJW Gr's dividend yield in last year was 1.73%, which has since grown by 0.36%.

Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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