The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously approved an increase in the quarterly dividend rate to $0.50 per share from $0.475 per share. The new quarterly rate will be effective with the dividend payable October 1, 2026, to shareowners of record on September 24, 2026.
The new annual dividend rate will be $2.00 per share. NJR has paid quarterly dividends continuously since its inception in 1952, and has raised the dividend every year for the last 31 years.
Steve Westhoven, President and CEO of NJR, stated, “This dividend increase reflects the Board’s confidence in NJR’s financial strength and long-term growth prospects. We are proud to raise our dividend for the 31st consecutive year and continue delivering value to shareowners.”
New Jersey Resources
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