New Jersey Resources (NJR) Affirms Shareholder Commitment with $0.45 Quarterly Dividend Announcement
- New Jersey Resources announces a quarterly dividend of $0.45 per share, payable on April 1, 2025.
- NJR has consistently paid and increased dividends annually for 29 years, showcasing financial strength and shareholder commitment.
- The company focuses on traditional and renewable energy while promoting energy conservation and customer savings initiatives.
New Jersey Resources Continues Commitment to Shareholder Returns with Quarterly Dividend Announcement
New Jersey Resources Corporation (NJR) reaffirms its dedication to shareholder value by announcing a quarterly dividend of $0.45 per share, payable on April 1, 2025, to shareholders recorded as of March 11, 2025. This announcement highlights the company’s robust financial health and its long tradition of consistent dividend payments, which have been in place since its founding in 1952. Over the past 29 years, NJR has not only maintained its dividend payments but has also increased them annually, showcasing its commitment to returning value to its investors.
Operating as a Fortune 1000 company, NJR has established itself as a prominent player in the energy sector through its various subsidiaries. The primary subsidiary, New Jersey Natural Gas, is essential for the management and distribution of natural gas across several counties in New Jersey, including Monmouth, Ocean, and Morris. In addition to natural gas services, NJR is actively engaged in clean energy initiatives through its Clean Energy Ventures division, which focuses on solar energy projects aimed at providing low-carbon solutions. This diversified approach underscores NJR's commitment to both traditional and renewable energy sources.
NJR also boasts a comprehensive portfolio through its Energy Services division, which manages a wide range of natural gas assets across North America. The Storage and Transportation segment plays a critical role in supporting various customers by owning vital infrastructure, including the Leaf River and Adelphia Gateway Pipeline and a 50% stake in the Steckman Ridge storage facility. The company further enhances its service offerings through its Home Services division, which provides residential service contracts and energy-efficient products, helping to promote energy conservation and efficiency initiatives such as Conserve to Preserve® and SAVEGREEN®.
In addition to its dividend announcement, NJR emphasizes its role in advancing energy conservation and supporting customer savings. With over 1,300 dedicated employees, the company focuses on providing reliable energy solutions while promoting sustainability within the communities it serves. NJR's strategic initiatives position it as a leader in the energy sector, reflecting its long-term vision for growth and community impact. For more information, interested parties can visit NJR's website or follow its social media channels.
As NJR continues to evolve, its commitment to dividend growth and sustainable energy practices highlights its dual focus on delivering value to shareholders while addressing the increasing demand for clean energy solutions.