STOCK TITAN

New Jersey Resources Board of Directors Declares Quarterly Dividend

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management dividends

New Jersey Resources (NYSE: NJR) announced that its board of directors has unanimously declared a quarterly dividend of $0.45 per share, payable on January 2, 2025, to shareholders of record as of December 11, 2024. The company highlighted its consistent dividend payment history, having distributed quarterly dividends continuously since 1952, with annual increases for 29 consecutive years.

New Jersey Resources (NYSE: NJR) ha annunciato che il suo consiglio di amministrazione ha dichiarato all'unanimità un dividendo trimestrale di 0,45 dollari per azione, che sarà pagato il 2 gennaio 2025, agli azionisti registrati al 11 dicembre 2024. L'azienda ha sottolineato la sua costante storia di pagamento dei dividendi, avendo distribuito dividendi trimestrali ininterrottamente dal 1952, con aumenti annuali per 29 anni consecutivi.

New Jersey Resources (NYSE: NJR) anunció que su junta directiva ha declarado un dividendo trimestral de 0.45 dólares por acción, pagadero el 2 de enero de 2025, a los accionistas registrados hasta el 11 de diciembre de 2024. La empresa destacó su historia consistente de pago de dividendos, habiendo distribuido dividendos trimestrales de manera continua desde 1952, con aumentos anuales durante 29 años consecutivos.

뉴저지 자원(New Jersey Resources, NYSE: NJR)은 이사회에서 분기 배당금 주당 0.45달러를 만장일치로 선언했으며, 2025년 1월 2일에 2024년 12월 11일 기준의 주주에게 지급될 예정입니다. 이 회사는 1952년 이후로 분기 배당금을 지속적으로 지급해온 일관된 배당금 지급 기록을 강조하며, 29년 연속으로 연간 증가를 이루어왔습니다.

New Jersey Resources (NYSE: NJR) a annoncé que son conseil d'administration a déclaré à l'unanimité un dividende trimestriel de 0,45 $ par action, payable le 2 janvier 2025, aux actionnaires inscrits au 11 décembre 2024. L'entreprise a souligné son historique de paiement de dividendes cohérent, distribuant des dividendes trimestriels sans interruption depuis 1952, avec des augmentations annuelles pendant 29 années consécutives.

New Jersey Resources (NYSE: NJR) gab bekannt, dass der Vorstand einstimmig eine vierteljährliche Dividende von 0,45 US-Dollar pro Aktie beschlossen hat, die am 2. Januar 2025 an die am 11. Dezember 2024 eingetragenen Aktionäre ausgezahlt wird. Das Unternehmen hob seine konsequente Dividendenzahlungshistorie hervor, da es seit 1952 ununterbrochen vierteljährliche Dividenden gezahlt hat, mit jährlichen Erhöhungen über 29 aufeinanderfolgende Jahre.

Positive
  • 29-year track record of consecutive annual dividend increases
  • Consistent dividend payments maintained since 1952
  • Unanimous board approval demonstrates strong corporate governance
Negative
  • None.

Insights

The quarterly dividend announcement of $0.45 per share maintains NJR's impressive 29-year streak of consecutive dividend increases, demonstrating strong financial stability and commitment to shareholder returns. This utility company's consistent dividend history since 1952 reflects a reliable income-generating investment profile typical of regulated utilities. The current dividend implies an annual yield of approximately 3.6% based on recent stock prices, which aligns well with industry averages.

The dividend maintenance, while not a surprise, reinforces NJR's position as a defensive stock with predictable cash flows. The company's regulated business model and essential services provide a stable foundation for continued dividend payments, making it particularly attractive for income-focused investors seeking reliable quarterly distributions.

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 $0.45 per share. The dividend will be payable on January 2, 2025, to shareowners of record as of December 11, 2024.

NJR has paid quarterly dividends continuously since its inception in 1952, and has raised the dividend every year for the last 29 years.

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 natural gas transportation and distribution infrastructure to serve approximately 582,000 customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex, Sussex and Burlington counties.
  • Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of approximately 477 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.

Media:

Mike Kinney

732-938-1031

mkinney@njresources.com



Investors:

Adam Prior

732-938-1145

aprior@njresources.com

Source: New Jersey Resources

FAQ

What is New Jersey Resources' (NJR) latest quarterly dividend amount for 2025?

New Jersey Resources declared a quarterly dividend of $0.45 per share, payable on January 2, 2025.

When is the record date for NJR's Q1 2025 dividend?

The record date for NJR's quarterly dividend is December 11, 2024.

How long has New Jersey Resources (NJR) been paying dividends?

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

For how many consecutive years has NJR increased its dividend?

New Jersey Resources has raised its dividend every year for the last 29 years.

New Jersey Resources Corp

NYSE:NJR

NJR Rankings

NJR Latest News

NJR Stock Data

4.65B
99.27M
0.47%
75.49%
1.61%
Utilities - Regulated Gas
Natural Gas Distribution
Link
United States of America
WALL