New Jersey Resources Board of Directors Declares Quarterly Dividend
The Board of Directors of New Jersey Resources Corporation (NYSE: NJR) has declared a quarterly dividend of $0.45 per share on its common stock. This decision reflects the company's robust financial health and ongoing dedication to returning value to its shareholders. The dividend is set to be paid on April 1, 2025, to shareholders recorded as of March 11, 2025.
Commitment to Shareholder Returns
Since its founding in 1952, NJR has established a strong track record of paying quarterly dividends without interruption. Over the last 29 years, the company has consistently increased its dividend payout, demonstrating financial stability and a commitment to enhancing shareholder value.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) ranks among the Fortune 1000 companies and is dedicated to providing reliable natural gas and clean energy. The company operates several subsidiaries, each focused on more sustainable energy solutions that benefit both the environment and consumers.
Subsidiary Services
New Jersey Resources comprises five primary business divisions, each focused on delivering safe and efficient energy services:
- New Jersey Natural Gas: This principal subsidiary oversees the maintenance and operation of natural gas distribution and transportation services across multiple counties in New Jersey.
- Clean Energy Ventures: This division invests in solar projects, promoting low-carbon energy solutions that cater to environmentally-conscious consumers.
- Energy Services: A diversified portfolio that manages natural gas assets, this segment focuses on providing tailored energy solutions throughout North America.
- Storage and Transportation: This unit plays an essential role in the energy supply chain by serving a variety of customers using its pipeline and storage facilities.
- Home Services: This division enhances residential comfort through service contracts and energy-efficient products, helping homeowners efficiently manage energy use.
Commitment to Sustainability
NJR employs over 1,300 dedicated employees who are passionate about energy conservation and efficiency. The company actively promotes various energy-saving initiatives, such as Conserve to Preserve and the SAVEGREEN initiative, which empowers customers to adopt more sustainable practices.
For Further Information
To learn more about New Jersey Resources and its commitment to energy and conservation, visit the company's official website. You can also connect with NJR on social media for updates and more insights into initiatives that promote energy efficiency and sustainability.
Frequently Asked Questions
What is the amount of the dividend declared by NJR?
The NJR Board declared a quarterly dividend of $0.45 per share on its common stock.
When will the dividend be payable?
The dividend will be payable on April 1, 2025, to shareholders recorded as of March 11, 2025.
How long has NJR been paying dividends?
NJR has paid quarterly dividends continuously since its founding in 1952.
What are the primary services offered by New Jersey Resources?
NJR provides natural gas and clean energy services, including transportation, distribution, energy management, and home services.
How does NJR support sustainability?
NJR promotes energy conservation through initiatives like Conserve to Preserve and SAVEGREEN, which encourage customers to adopt energy-efficient practices.
