The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously approved an increase in the quarterly dividend rate to $0.475 per share from $0.45 per share. The new quarterly rate will be effective with the dividend payable October 1, 2025 to shareowners of record on September 22, 2025.

The new annual dividend rate will be $1.90 per share. NJR has paid quarterly dividends continuously since its inception in 1952, and has raised the dividend every year for the last 30 years.

Steve Westhoven, President and CEO of NJR, stated, “This dividend increase reflects our continued commitment to delivering long-term value for shareholders. It highlights the Board’s confidence in our financial strength and strategic direction as we advance initiatives that support sustainable growth and stakeholder success.”

New Jersey Resources