New Jersey Resources Board of Directors Declares Quarterly Dividend

Rhea-AI Summary

The board of directors of New Jersey Resources Corporation (NYSE: NJR) has declared a quarterly dividend of $0.3625 per share. This dividend will be payable on July 1, 2022, to shareholders of record on June 15, 2022. NJR has consistently paid dividends since 1952, emphasizing its commitment to providing returns to shareholders. The company operates various energy-related businesses, including New Jersey Natural Gas, which serves over half a million customers, and Clean Energy Ventures, which focuses on solar projects.

Positive

• Quarterly dividend of $0.3625 per share announced.
• Dividends paid consistently since 1952, demonstrating reliability.
• Strong operational presence with over 7,600 miles of natural gas infrastructure.

Negative

• None.

WALL, N.J.--(BUSINESS WIRE)-- The board of directors of New Jersey Resources Corporation (NYSE: NJR) (the “Company” or “NJR”) unanimously declared a quarterly dividend on its common stock of $0.3625 per share. The dividend will be payable on July 1, 2022, to shareowners of record as of June 15, 2022.

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 7,600 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in New Jersey’s Monmouth, Ocean and parts of Morris, Middlesex and Burlington counties.
• Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of nearly 370 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 Project, 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 1,200 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 Twitter @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220419006026/en/

Media Contact:

Michael Kinney

732-938-1031

mkinney@njresources.com

Investor Contact:

Dennis Puma

732-938-1229

dpuma@njresources.com

Source: New Jersey Resources Corporation

FAQ

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

New Jersey Resources declared a quarterly dividend of $0.3625 per share.

When is the dividend payable for NJR stock?

The dividend will be payable on July 1, 2022.

What is the record date for the NJR dividend?

The record date for the dividend is June 15, 2022.

How long has NJR been paying dividends?

New Jersey Resources has been paying quarterly dividends since its inception in 1952.

What businesses does New Jersey Resources operate?

NJR operates in natural gas distribution, solar energy projects, and energy services, among others.