New Jersey Resources (NJR) Raises Quarterly Dividend 6.4% to $.3325; 4.6% Yield

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Go back to New Jersey Resources (NJR) Raises Quarterly Dividend 6.4% to $.3325; 4.6% Yield

New Jersey Resources Board of Directors Increases Dividend by 6.4 Percent

September 9, 2020 6:59 PM EDT

WALL, N.J.--(BUSINESS WIRE)-- Today, the board of directors of New Jersey Resources (NYSE: NJR) unanimously approved a 6.4 percent increase in the quarterly dividend rate to $.3325 per share from $.3125 per share. The new quarterly rate will be effective with the dividend payable October 1, 2020 to shareowners of record on September 22, 2020. This dividend replaces the previously announced dividend of $.3125 per share approved on July 14, 2020 for shareowners of record on September 22, 2020.

The new annual dividend rate will be $1.33 per share. NJR has paid quarterly dividends continuously since its inception in 1952, and this... More