New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 564,000 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar projects situated in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment offers unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas storage and transportation contracts in the United States and Canada. The Storage and Transportation segment invests in natural gas transportation and storage facilities. It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.
New Jersey Resources Dividend Announcement
• New Jersey Resources announced a quarterly dividend of $0.45 per ordinary share which will be made payable on 2025-01-02. Ex dividend date: 2024-12-11
• New Jersey Resources annual dividend for 2024 was $1.74
• New Jersey Resources annual dividend for 2023 was $1.62
• New Jersey Resources's trailing twelve-month (TTM) dividend yield is 3.32%
• New Jersey Resources's payout ratio for the trailing twelve months (TTM) is 68.50%
• New Jersey Resources's dividend growth over the last five years (2018-2023) was 7.47% year
• New Jersey Resources's dividend growth over the last ten years (2013-2023) was -0.12% year
New Jersey Resources Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-11 | $0.45 | quarterly | 2025-01-02 |
2024-09-23 | $0.45 | quarterly | 2024-10-01 |
2024-06-12 | $0.42 | quarterly | 2024-07-01 |
2024-03-12 | $0.42 | quarterly | 2024-04-01 |
2023-12-12 | $0.42 | quarterly | 2024-01-02 |
2023-09-19 | $0.42 | quarterly | 2023-10-02 |
2023-06-13 | $0.39 | quarterly | 2023-07-03 |
2023-03-14 | $0.39 | quarterly | 2023-04-03 |
2022-12-13 | $0.39 | quarterly | 2023-01-03 |
2022-09-23 | $0.39 | quarterly | 2022-10-03 |
2022-06-14 | $0.36 | quarterly | 2022-07-01 |
2022-03-15 | $0.36 | quarterly | 2022-04-01 |
2021-12-14 | $0.36 | quarterly | 2022-01-03 |
2021-09-17 | $0.36 | quarterly | 2021-10-01 |
2021-06-15 | $0.33 | quarterly | 2021-07-01 |
2021-03-16 | $0.33 | quarterly | 2021-04-01 |
2020-12-15 | $0.33 | quarterly | 2021-01-04 |
2020-09-21 | $0.33 | quarterly | 2020-10-01 |
2020-06-15 | $0.31 | quarterly | 2020-07-01 |
2020-03-16 | $0.31 | quarterly | 2020-04-01 |
2019-12-18 | $0.31 | quarterly | 2020-01-02 |
2019-09-19 | $0.31 | quarterly | 2019-10-01 |
2019-06-14 | $0.29 | quarterly | 2019-07-01 |
2019-03-14 | $0.29 | quarterly | 2019-04-01 |
2018-12-13 | $0.29 | quarterly | 2019-01-02 |
2018-09-20 | $0.29 | quarterly | 2018-10-01 |
2018-06-14 | $0.27 | quarterly | 2018-07-02 |
2018-03-14 | $0.27 | quarterly | 2018-04-02 |
2017-12-14 | $0.27 | quarterly | 2018-01-02 |
2017-09-21 | $0.27 | quarterly | 2017-10-02 |
2017-06-13 | $0.26 | quarterly | 2017-07-03 |
2017-03-13 | $0.26 | quarterly | 2017-04-03 |
2016-12-13 | $0.26 | quarterly | 2017-01-03 |
2016-09-21 | $0.26 | quarterly | 2016-10-03 |
2016-06-13 | $0.24 | quarterly | 2016-07-01 |
2016-03-11 | $0.24 | quarterly | 2016-04-01 |
2015-12-11 | $0.24 | quarterly | 2016-01-04 |
2015-09-11 | $0.24 | quarterly | 2015-10-01 |
2015-06-11 | $0.23 | quarterly | 2015-07-01 |
2015-03-11 | $0.23 | quarterly | 2015-04-01 |
2014-12-11 | $0.45 | quarterly | 2015-01-02 |
2014-09-18 | $0.45 | quarterly | 2014-10-01 |
2014-09-11 | $0.84 | quarterly | 2014-10-01 |
2014-06-11 | $0.42 | quarterly | 2014-07-01 |
2014-03-12 | $0.42 | quarterly | 2014-04-01 |
2013-12-11 | $0.42 | quarterly | 2014-01-02 |
2013-09-19 | $0.42 | quarterly | 2013-10-01 |
2013-06-12 | $0.40 | quarterly | 2013-07-01 |
2013-03-13 | $0.40 | quarterly | 2013-04-01 |
New Jersey Resources Dividend per year
New Jersey Resources Dividend growth
New Jersey Resources Dividend Yield
New Jersey Resources current trailing twelve-month (TTM) dividend yield is 3.32%. Interested in purchasing New Jersey Resources stock? Use our calculator to estimate your expected dividend yield:
New Jersey Resources Financial Ratios
New Jersey Resources Dividend FAQ
Other factors to consider when evaluating New Jersey Resources as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: New Jersey Resources's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, New Jersey Resources publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, New Jersey Resources distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from New Jersey Resources are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: New Jersey Resources sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, New Jersey Resources distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: New Jersey Resources declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of New Jersey Resources's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review New Jersey Resources's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.