New Jersey Resources hikes dividend by 6.8%
New Jersey Resources Corporation (NJR) will raise its quarterly dividend by 6.8 percent to $0.3125 per share in 2019. This follows a 2 cent dividend hike to 29.25 cents per share quarterly last year.
The next dividend will be payable on October 1, 2019 to shareowners of record as of September 20, 2019. A new annual rate of $1.25 per share yields 3.1% at a stock price of $40.70.
New Jersey Resources an energy services holding company whose principal business is the distribution of natural gas through a regulated utility, providing other retail and wholesale energy services to customers and investing in clean energy projects and midstream assets. The company's primary subsidiaries are: New Jersey Natural Gas Company, NJR Clean Energy Ventures Corporation and NJR Energy Services Company.
The next dividend will be payable on October 1, 2019 to shareowners of record as of September 20, 2019. A new annual rate of $1.25 per share yields 3.1% at a stock price of $40.70.
New Jersey Resources an energy services holding company whose principal business is the distribution of natural gas through a regulated utility, providing other retail and wholesale energy services to customers and investing in clean energy projects and midstream assets. The company's primary subsidiaries are: New Jersey Natural Gas Company, NJR Clean Energy Ventures Corporation and NJR Energy Services Company.