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 $0.39 per share, payable on April 3, 2023, to shareholders of record by March 15, 2023. Since its inception in 1952, NJR has consistently paid quarterly dividends, reflecting its commitment to providing shareholder value. NJR operates various businesses, including New Jersey Natural Gas, Clean Energy Ventures, and Home Services, focusing on safe and reliable natural gas and clean energy solutions while promoting energy conservation.

Positive

• The board declared a competitive quarterly dividend of $0.39 per share, signaling strong financial health.
• NJR has a history of continuous dividend payments since 1952, indicating commitment to shareholder returns.

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 April 3, 2023, to shareowners of record as of March 15, 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 569,300 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 more than 386 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 1,200 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/20230123005709/en/

Media:

Mike Kinney

732-938-1031

mkinney@njresources.com

Investor:

Adam Prior

732-938-1145

aprior@njresources.com

Source: New Jersey Resources

FAQ

What is the dividend amount declared by NJR in 2023?

New Jersey Resources declared a quarterly dividend of $0.39 per share.

When will NJR's dividend be paid?

The dividend will be payable on April 3, 2023.

What is the record date for NJR's dividend payment?

The record date for the dividend payment is March 15, 2023.

How long has NJR been paying dividends?

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