New Jersey Resources Hikes Dividend for 31st Consecutive Year

Key Facts

1New Jersey Resources' board approved an increase in the quarterly dividend rate to $0.50 per share from $0.475.

In a move reflecting the stable cash flow dynamics of the US utility sector, New Jersey Resources announced a 5.3% increase in its quarterly dividend. The company's board unanimously approved raising the quarterly dividend rate to $0.50 per share from the previous $0.475. This decision marks the 31st consecutive year of dividend growth, continuing a streak of annual increases supported by consistent performance dating back to 1952.

This dividend growth is underpinned by the company's long-standing commitment to shareholder returns, aligning it with a 'dividend aristocrat' profile. Per market data, NJR shares closed at $53.48 on September 9, 2026, with the stock trading between a day low of $53.05 and a high of $54.49 during that session.

Looking ahead, investors will monitor the stock's stability around the $53.48 level (close of September 9, 2026). With no immediate sector-specific catalysts in the upcoming economic calendar, focus remains on the company's operational consistency to sustain its multi-decade dividend growth policy in future quarters.