South Jersey Industries (SJI) Raises Quarterly Dividend 6.3% to $0.5025; 3.5% Yield

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Go back to South Jersey Industries (SJI) Raises Quarterly Dividend 6.3% to $0.5025; 3.5% Yield

South Jersey Industries (SJI) Names COO Michael Renna as Next CEO

December 5, 2014 12:20 PM EST

South Jersey Industries (NYSE: SJI) announced that chairman and CEO, Edward J. Graham, plans to retire effective April 30, 2015. Graham's decision to retire will bring to close a remarkable career of 33 years of service to SJI and its shareholders. Michael J. Renna, currently president and COO, will assume the role of president and CEO as of May 1, 2015. Walter M. Higgins III, SJI's Lead Independent Director will become chairman of SJI's board of directors on May 1.

Graham has served as SJI's CEO since January 2004. Under his leadership, SJI's total shareholder return has averaged approximately 13... More