New Jersey Resources (NJR) Raises Quarterly Dividend 6.3% to $0.255; 3.1% Yield
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New Jersey Resources Board of Directors Increases Quarterly Dividend 6.3 Percent
September 13, 2016 2:29 PM EDTWALL, N.J.--(BUSINESS WIRE)-- The board of directors of New Jersey Resources (NYSE: NJR) has unanimously approved a 6.3 percent increase in the quarterly dividend rate to $.255 per share from $.24 per share. The new quarterly rate will be effective with the dividend payable October 3, 2016, to shareowners of record on September 23, 2016. The new annual dividend rate will be $1.02 per share. This dividend replaces the previous dividend of $.24 per share approved on July 13, 2016, for shareowners of record on September 23, 2016. NJR has paid quarterly dividends continuously since its inception in 1952.
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