{"id":536093,"date":"2021-09-09T07:03:15","date_gmt":"2021-09-09T11:03:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/new-jersey-resources-board-of-directors-increases-dividend-by-9-percent\/"},"modified":"2021-09-09T07:03:15","modified_gmt":"2021-09-09T11:03:15","slug":"new-jersey-resources-board-of-directors-increases-dividend-by-9-percent","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/new-jersey-resources-board-of-directors-increases-dividend-by-9-percent\/","title":{"rendered":"New Jersey Resources Board of Directors Increases Dividend by 9 Percent"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>New Jersey Resources Board of Directors Increases Dividend by 9 Percent<\/b><\/p>\n<p class=\"bwalignc\"><i>Increase near top of stated annual growth range of 6 to 10 percent<\/i><\/p>\n<p>WALL, N.J.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe board of directors of New Jersey Resources (NYSE: NJR) unanimously approved a 9 percent increase in the quarterly dividend rate to $.3625 per share from $.3325 per share. The new quarterly rate will be effective with the dividend payable October 1, 2021 to shareowners of record on September 20, 2021. This dividend replaces the previously announced dividend of $.3325 per share approved on July 14, 2021 for shareowners of record on September 20, 2021.\n<\/p>\n<p>\nThe new annual dividend rate will be $1.45 per share. NJR has paid quarterly dividends continuously since its inception in 1952, and this marks the 28<sup>th<\/sup> dividend increase over the last 26 years.\n<\/p>\n<p>\n\u201cToday\u2019s action by our board of directors reflects our continued commitment to provide value for shareowners,\u201d said Steve Westhoven, President and CEO of New Jersey Resources. \u201cThe larger increase in our dividend this year reflects NJR\u2019s strong results and our confidence in our strategic outlook,\u201d Westhoven said.\n<\/p>\n<p><b><span class=\"bwuline\">About New Jersey Resources<\/span><\/b><\/p>\n<p><b>New Jersey Resources<\/b> (NYSE: 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. NJR is composed of five primary businesses:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li><b>New Jersey Natural Gas, <\/b>NJR\u2019s principal subsidiary,<b \/>operates and maintains over 7,500 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in New Jersey\u2019s Monmouth, Ocean, Morris, Middlesex and Burlington counties.\n<\/li>\n<li><b>NJR Clean Energy Ventures <\/b>invests in, owns and operates solar projects with a total capacity of more than 365 megawatts, providing residential and commercial customers with low-carbon energy solutions.\n<\/li>\n<li><b>NJR Energy Services<\/b> manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across<b \/>North America.\n<\/li>\n<li><b>Storage &amp; Transportation<\/b> serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Energy Center and the Adelphia Gateway Pipeline Project, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility, and our 20% equity interest in the PennEast Pipeline Project.\n<\/li>\n<li><b>NJR Home Services<\/b> provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.\n<\/li>\n<\/ul>\n<p>\nNJR and its nearly 1,200 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve\u00ae and initiatives such as The SAVEGREEN Project\u00ae and The Sunlight Advantage\u00ae. For more information about NJR: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.njresources.com&amp;esheet=52488538&amp;newsitemid=20210909005258&amp;lan=en-US&amp;anchor=www.njresources.com&amp;index=1&amp;md5=3bd6edd51851dcdf085551ad75fc6448\">www.njresources.com<\/a>.\n<\/p>\n<p>\nFollow us on Twitter @NJNaturalGas.<br \/>\n<br \/>\u201cLike\u201d us on facebook.com\/NewJerseyNaturalGas.\n<\/p>\n<p>\nNJR\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210909005258r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210909005258\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210909005258\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact:<br \/>\n<\/b><br \/>Michael Kinney<br \/>\n<br \/>732-938-1031<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:mkinney@njresources.com\">mkinney@njresources.com<\/a><\/p>\n<p><b>Investor Contact:<br \/>\n<\/b><br \/>Dennis Puma<br \/>\n<br \/>732-938-1229<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:dpuma@njresources.com\">dpuma@njresources.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New Jersey United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Oil\/Gas Alternative Energy Energy Other Energy Utilities<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210909005258\/en\/904347\/3\/NJR_low.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>New Jersey Resources Board of Directors Increases Dividend by 9 Percent Increase near top of stated annual growth range of 6 to 10 percent WALL, N.J.&#8211;(BUSINESS WIRE)&#8211; The board of directors of New Jersey Resources (NYSE: NJR) unanimously approved a 9 percent increase in the quarterly dividend rate to $.3625 per share from $.3325 per share. The new quarterly rate will be effective with the dividend payable October 1, 2021 to shareowners of record on September 20, 2021. This dividend replaces the previously announced dividend of $.3325 per share approved on July 14, 2021 for shareowners of record on September 20, 2021. The new annual dividend rate will be $1.45 per share. NJR has paid quarterly dividends continuously since its &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-jersey-resources-board-of-directors-increases-dividend-by-9-percent\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;New Jersey Resources Board of Directors Increases Dividend by 9 Percent&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-536093","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New Jersey Resources Board of Directors Increases Dividend by 9 Percent - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-jersey-resources-board-of-directors-increases-dividend-by-9-percent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Jersey Resources Board of Directors Increases Dividend by 9 Percent - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New Jersey Resources Board of Directors Increases Dividend by 9 Percent Increase near top of stated annual growth range of 6 to 10 percent WALL, N.J.&#8211;(BUSINESS WIRE)&#8211; The board of directors of New Jersey Resources (NYSE: NJR) unanimously approved a 9 percent increase in the quarterly dividend rate to $.3625 per share from $.3325 per share. The new quarterly rate will be effective with the dividend payable October 1, 2021 to shareowners of record on September 20, 2021. This dividend replaces the previously announced dividend of $.3325 per share approved on July 14, 2021 for shareowners of record on September 20, 2021. The new annual dividend rate will be $1.45 per share. 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