New Jersey Resources Board of Directors Declares Quarterly Dividend

Rhea-AI Summary

The board of New Jersey Resources Corporation (NYSE:NJR) has declared a quarterly dividend of $0.3625 per share, payable on January 3, 2022, to shareholders of record as of December 15, 2021. This marks a continuation of the company's commitment to providing shareholder value, having paid dividends since 1952. NJR operates multiple subsidiaries in natural gas and clean energy sectors, including New Jersey Natural Gas and NJR Clean Energy Ventures, managing significant infrastructure and renewable projects across the region.

Positive

• Quarterly dividend of $0.3625 per share declared.
• Commitment to shareholder value with dividends paid since 1952.
• Diverse operations in natural gas and clean energy sectors.

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 January 3, 2022 to shareowners of record as of December 15, 2021.

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 7,500 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.
• NJR Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of more than 365 megawatts, providing residential and commercial customers with low-carbon solutions.
• NJR 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 & Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Energy Center and the Adelphia Gateway Pipeline Project, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility.
• NJR 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 nearly 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^®.

Follow us on Twitter @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211110006412/en/

Media:

Michael Kinney

732-938-1031

mkinney@njresources.com

Investors:

Dennis Puma

732-938-1229

dpuma@njresources.com

Source: New Jersey Resources Corporation

FAQ

What is the dividend amount declared by NJR?

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

When will the NJR dividend be payable?

The dividend will be payable on January 3, 2022.

What is the record date for NJR's dividend?

The record date for the dividend is December 15, 2021.

How long has NJR been paying dividends?

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

What are the primary businesses of NJR?

NJR operates in natural gas distribution, clean energy ventures, energy services, and home services.