Today, the board of directors of New Jersey Resources (NYSE: NJR) unanimously approved a 6.8 percent increase in the quarterly dividend rate to $.3125 per share from $.2925 per share. The new quarterly rate will be effective with the dividend payable October 1, 2019 to shareowners of record on September 20, 2019. This dividend replaces the previously announced dividend of $.2925 per share approved on July 9, 2019 for shareowners of record on September 20, 2019.
The new annual dividend rate will be $1.25 per share. NJR has paid quarterly dividends continuously since its inception in 1952, and this marks the 26th dividend increase over the last 24 years.
About New Jersey Resources
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. It is composed of five primary businesses:
NJR and its more than 1,000 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.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190910006001/en/
Media:
Michael Kinney
732-938-1031
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Investors:
Dennis Puma
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