New Jersey Resources Board of Directors Increases Dividend by 7.1% to $0.45 Per Share
11 Setembro 2024 - 12:30PM
Business Wire
The board of directors (the “Board”) of New Jersey Resources
Corporation (NYSE: NJR) unanimously approved a 7.1 percent increase
in the quarterly dividend rate to $0.45 per share from $0.42 per
share. The new quarterly rate will be effective with the dividend
payable October 1, 2024 to shareowners of record on September 23,
2024.
The new annual dividend rate will be $1.80 per share. NJR has
paid quarterly dividends continuously since its inception in 1952,
and has raised the dividend every year for the last 29 years.
Steve Westhoven, President and CEO of NJR, stated, “This
dividend increase underscores the Board’s belief in our strong
financial health and confidence in our long-term growth strategy.
We remain dedicated to driving sustainable returns and supporting
stakeholders as we continue to advance our business
objectives.”
About New Jersey Resources
New Jersey Resources (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:
- New Jersey Natural Gas, NJR’s principal subsidiary,
operates and maintains natural gas transportation and distribution
infrastructure to serve approximately 582,000 customers in New
Jersey’s Monmouth, Ocean, Morris, Middlesex, Sussex and Burlington
counties.
- Clean Energy Ventures invests in, owns and operates
solar projects with a total capacity of approximately 477
megawatts, providing residential and commercial customers with
low-carbon solutions.
- Energy Services 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 North America.
- Storage and Transportation serves customers from local
distributors and producers to electric generators and wholesale
marketers through its ownership of Leaf River and the Adelphia
Gateway Pipeline, as well as our 50% equity ownership in the
Steckman Ridge natural gas storage facility.
- Home Services 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.
NJR and its over 1,300 employees are committed to helping
customers save energy and money by promoting conservation and
encouraging efficiency through Conserve to Preserve® and
initiatives such as The SAVEGREEN Project® and The Sunlight
Advantage®.
For more information about NJR: www.njresources.com.
Follow us on X.com (Twitter) @NJNaturalGas. “Like” us on
facebook.com/NewJerseyNaturalGas.
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version on businesswire.com: https://www.businesswire.com/news/home/20240910401839/en/
Media: Mike Kinney 732-938-1031
mkinney@njresources.com
Investors: Adam Prior 732-938-1145
aprior@njresources.com
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