The board of directors of New Jersey Resources (NJR) has unanimously approved
a 5.3 percent increase in the quarterly dividend rate to $.40 per share from
$.38 per share. The new quarterly rate will be effective with the dividend
payable October 1, 2012 to shareowners of record on September 24, 2012. The
new annual dividend rate will be $1.60 per share. This dividend replaces the
previous dividend of $.38 per share approved on July 11, 2012 for shareowners
of record on September 14th. NJR has paid quarterly dividends continuously
since its inception in 1952.
“The action taken today by our board of directors reaffirms our commitment to
providing our shareowners with a competitive return on their investment,” said
Laurence M. Downes, chairman and CEO of NJR. “As a result of our consistent
financial performance, we have been able to increase our dividend for the
19^th time in the last 17 years. This is our way of recognizing our
shareowners for the confidence they place in us year after year.”
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