Welcome to our dedicated page for South Jersey Inds news (Ticker: SJI), a resource for investors and traders seeking the latest updates and insights on South Jersey Inds stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect South Jersey Inds's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of South Jersey Inds's position in the market.
SJI (NYSE: SJI) has declared a regular quarterly dividend of $0.29500 per share for Q3 2020, set for payment on October 2, 2020. Shareholders of record by the close of business on September 10, 2020 will be eligible. This marks the 69th consecutive year of dividend payments, highlighting SJI's commitment to a reliable and sustainable dividend strategy. SJI operates through three main subsidiaries, providing energy services to approximately 700,000 customers in New Jersey.
Captona has announced a 50/50 joint venture with SJI, named Catamaran Renewables, aimed at developing and operating renewable energy projects. This venture combines over 1.3 GW of operational and over $1 billion of transactional experience in the renewable energy sector. Their first acquisition is a 7.5 MW fuel cell portfolio in Staten Island, New York, currently under construction and expected to generate revenue under New York's VDER program. Captona expresses optimism about leveraging their strengths in the North American renewable energy landscape.
SJI announces the formation of Catamaran Renewables, a joint venture with Captona for renewable energy projects. The venture aims to leverage over 1.3 GW of operational experience from Captona, which has financed over $1 billion in renewable transactions. As part of this initiative, SJI acquired two fuel cell projects on Staten Island, totaling 7.5 MW, secured with long-term agreements. With 93% project ownership, SJI will receive a significant share of cash flows and tax incentives. The projects are expected to be operational by October 2020.
SJI announces the appointment of Christopher J. Paladino, President of New Brunswick Development Corporation, to its Board of Directors, effective August 14, 2020. Paladino brings over 20 years of experience in development, including project financing, risk management, and asset management. He will join the Audit committee and the Environmental, Social, and Governance committee. Chairman Joseph Rigby expressed optimism about the fresh leadership perspective Paladino will offer, enhancing the board's diverse skill set. SJI provides natural gas services to approximately 681,000 customers across New Jersey and Maryland.
SJI (NYSE: SJI) reported Q2 2020 results, posting GAAP earnings of $(0.03) per diluted share, improving from $(0.14) in Q2 2019. Economic earnings were $(0.01), up from $(0.13) year-over-year. The quarter saw increased profitability largely from Utility and Non-Utility operations, mitigated by financing costs. SJI affirmed its economic earnings guidance for 2020 at $1.50-$1.60 per share and noted successful measures to maintain operations during the COVID-19 pandemic, including $9.7 million in deferred COVID-related expenses approved by NJ regulators.
SJI released its 2019 Environmental, Social and Governance (ESG) Report, outlining achievements in sustainability, social impact, and corporate governance. The report, which is fully web-based and mobile-responsive, aims to enhance transparency and track progress over time. President and CEO Mike Renna emphasized the company’s commitment to sustainability, transitioning towards a long-term vision for stakeholders. The ESG report is part of SJI's strategy to evolve into a future-focused energy company. For details, visit sjindustries.com/esg.
SJI (NYSE: SJI) will host its Second Quarter 2020 Earnings Conference Call on August 6, 2020, at 11:00 A.M. ET. CEO Michael J. Renna and the Senior Management team will discuss the company's Q2 financial results, set to be released on August 5, 2020, after market close. Interested parties can join via a toll-free number or listen through the SJI website. SJI, based in Folsom, NJ, provides energy services through its subsidiaries, serving approximately 700,000 customers in New Jersey and Maryland.
Melissa Orsen has been appointed as President and Chief Operations Officer of South Jersey Gas, a subsidiary of SJI (NYSE: SJI), effective July 1, 2020. Orsen, who joined SJI in 2018 as Senior Vice President, General Counsel, succeeds Dave Robbins. Her focus will be on enhancing safety, exploring growth opportunities, ensuring cost-effective operations, and delivering exceptional customer service. Robbins will continue as Senior Vice President of SJI and President of SJI Utilities. South Jersey Gas serves over 400,000 customers across New Jersey.
Summary not available.
SJI has appointed Kathleen Larkin as the new Chief Human Resources Officer, effective May 11, 2020. Larkin, who previously served as senior vice president of human resources at CubeSmart, will provide strategic HR leadership aimed at enhancing employee experience and aligning stakeholders. President and CEO Michael Renna emphasized the importance of strong leadership during this time. SJI, based in Folsom, NJ, serves approximately 700,000 customers through its regulated gas utilities and promotes efficiency and renewable energy through its non-utility businesses.