New Jersey Resources Board of Directors Declares Quarterly Dividend

Rhea-AI Summary

New Jersey Resources Corporation (NYSE: NJR) Declares Quarterly Dividend of $0.42 per Share

Positive

• The company's commitment to providing value to its shareholders is evident through the declaration of a competitive quarterly dividend of $0.42 per share, payable on January 2, 2024.
• The continuous payment of quarterly dividends since the company's inception in 1952 demonstrates its long-standing dedication to rewarding shareholders.
• The declaration of a dividend highlights the company's financial stability and ability to generate consistent returns for investors.

Negative

• None.

WALL, N.J.--(BUSINESS WIRE)-- The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously declared a quarterly dividend on its common stock of $0.42 per share. The dividend will be payable on January 2, 2024, to shareowners of record as of December 13, 2023.

The Company is committed to providing value to its shareowners with a competitive return and has paid quarterly dividends continuously since its inception in 1952.

About New Jersey Resources

New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:

• New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains over 7,700 miles of natural gas transportation and distribution infrastructure to serve over 574,900 customers in New Jersey’s Monmouth, Ocean and parts of Morris, Middlesex, Sussex and Burlington counties.

• Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of 462 megawatts, providing residential and commercial customers with low-carbon solutions.

• Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.

• Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility.

• Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its over 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®.

For more information about NJR: www.njresources.com.
Follow us on X.com (Twitter) @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231116315640/en/

Media:

Mike Kinney

732-938-1031

mkinney@njresources.com

Investor:

Adam Prior

732-938-1145

aprior@njresources.com

Source: New Jersey Resources Corporation

FAQ

What is the dividend amount declared by New Jersey Resources Corporation (NYSE: NJR)?

The board of directors declared a quarterly dividend of $0.42 per share.

When will the dividend be payable to shareowners of New Jersey Resources Corporation (NYSE: NJR)?

The dividend will be payable on January 2, 2024.

How long has New Jersey Resources Corporation (NYSE: NJR) been paying quarterly dividends?

The company has been paying quarterly dividends continuously since its inception in 1952.