Company Website:
http://www.njresources.com
WALL, N.J. -- (Business Wire)
The board of directors of New Jersey Resources (NYSE:NJR), has
unanimously approved a 6.7 percent increase in the quarterly dividend
rate to $.24 per share from $.225 per share. The new quarterly rate will
be effective with the dividend payable October 1, 2015, to shareowners
of record on September 15, 2015. The new annual dividend rate will be
$0.96 per share. This dividend replaces the previous dividend of $.225
per share approved on July 14, 2015, for shareowners of record on
September 15, 2015. NJR has paid quarterly dividends continuously since
its inception in 1952.
“As a result of our consistent financial performance and strong
financial profile, we have been able to increase our dividend for the 22nd
time in the last 20 years,” said Laurence M. Downes, chairman and CEO of
New Jersey Resources. “The action taken today by our board of directors
reaffirms our commitment to providing our shareowners with a competitive
return on their investment, and is our way of recognizing them for the
confidence they place in us year after year.”
About New Jersey Resources
New Jersey Resources (NYSE:NJR) is a Fortune 1000 company
that provides safe and reliable natural gas and clean energy services,
including transportation, distribution and asset management. With annual
revenues in excess of $3 billion, NJR is comprised of five primary
businesses:
- New Jersey Natural Gas is NJR’s principal subsidiary thatoperates
and maintains over 7,000 miles of natural gas transportation and
distribution infrastructure to serve over half a million customers in
New Jersey’s Monmouth, Ocean and parts of Morris and Middlesex
counties.
- NJR Energy Services manages a diversified portfolio of natural
gas transportation and storage assets and provides physical natural
gas services to its customers across North America.
- NJR Clean Energy Ventures invests in, owns and operates solar
and onshore wind projects with a total capacity of over 130 megawatts,
providing residential and commercial customers with low-carbon
solutions.
- NJR Midstream serves customers from local distributors and
producers to electric generators and wholesale marketers through its
equity ownership in a natural gas storage facility and Dominion
Midstream Partners, LP.
- NJR Home Services provides heating, central air conditioning,
standby generators, solar and other indoor and outdoor comfort
products to residential homes and businesses throughout New Jersey and
serves approximately 117,000 service contract customers.
NJR and its nearly 1,000 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:
Visit www.njresources.com.
Follow
us on Twitter @NJNaturalGas.
“Like” us on
facebook.com/NewJerseyNaturalGas.
Download our free NJR investor
relations app for iPad, iPhone and Android.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150901006530/en/
Contacts:
New Jersey Resources
Media:
Michael Kinney,
732-938-1031
mkinney@njresources.com
or
Investor:
Joanne
Fairechio, 732-378-4967
jfairechio@njresources.com
or
Dennis
Puma, 732-938-1229
dpuma@njresources.com
Source: New Jersey Resources
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