New Jersey Resources Board of Directors Declares Quarterly Dividend

Rhea-AI Summary

The Board of New Jersey Resources Corporation (NYSE: NJR) has announced a quarterly dividend of $0.39 per share, payable on January 3, 2023, to shareholders of record as of December 14, 2022. Established in 1952, NJR remains committed to delivering shareholder value through consistent dividends. The company operates various subsidiaries, providing natural gas and clean energy services to over 560,000 customers across New Jersey, emphasizing sustainability and energy efficiency initiatives.

Positive

• Quarterly dividend of $0.39 per share announced, indicating strong shareholder returns.
• Continuous dividend payments since 1952, reflecting company's commitment to shareholder value.

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 $0.39 per share. The dividend will be payable on January 3, 2023, to shareowners of record as of December 14, 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 560,000 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 over 380 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/20221109005718/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 NJR dividend amount?

The NJR dividend amount is $0.39 per share.

When is the NJR dividend payable?

The NJR dividend is payable on January 3, 2023.

What is the record date for the NJR dividend?

The record date for the NJR dividend is December 14, 2022.

How long has NJR been paying dividends?

NJR has been paying dividends continuously since its establishment in 1952.