NewJersey Resources Corporation (NJR) To Go Ex-Dividend on December 14th

NewJersey Resources Corporation (NYSE:NJR) declared a quarterly dividend on Wednesday, November 11th. Investors of record on Monday, December 14th will be paid a dividend of $0.50 per share by the utilities provider on Monday, January 4th. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, December 14th.

NewJersey Resources has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 29 consecutive years. NewJersey Resources has a dividend payout ratio of 64.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect NewJersey Resources to earn $3.43 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 58.3%.

NewJersey Resources Stock Up 0.2%

Shares of NYSE:NJR opened at $54.92 on Friday. The stock’s 50-day moving average is $52.71 and its 200 day moving average is $54.68. The company has a market cap of $5.57 billion, a PE ratio of 15.06, a P/E/G ratio of 3.20 and a beta of 0.45. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.66 and a quick ratio of 0.45. NewJersey Resources has a 1 year low of $44.51 and a 1 year high of $60.86.

Recent NewJersey Resources Headlines

Investors following NJR have been watching these headlines:

• Positive Sentiment: NJR declared its regular quarterly dividend of $0.50 per share, payable January 4, 2027, to shareholders of record December 14. That equals $2.00 annually, or a yield of roughly 3.6%; the company says it has increased its dividend for 31 consecutive years. New Jersey Resources Board of Directors Declares Quarterly Dividend
• Neutral Sentiment: The company approved executive incentive awards for fiscal 2027. The available report provides no details on the awards, so the potential effect on investors is unclear. New Jersey Resources Approves Fiscal 2027 Executive Incentive Awards
• Negative Sentiment: A Zacks earnings preview says fourth-quarter earnings are expected to decline and NJR lacks key indicators of a likely earnings beat, which could weigh on sentiment ahead of the report. Earnings Preview: New Jersey Resources Q4 Earnings Expected to Decline

About NewJersey Resources

New Jersey Resources Corporation is an energy services holding company headquartered in Wall, New Jersey. Through its subsidiaries, it distributes natural gas, provides energy-related services, and develops and operates clean energy and infrastructure assets. Its utility subsidiary, New Jersey Natural Gas, delivers natural gas to residential, commercial, and industrial customers in New Jersey. The company also provides natural gas supply and energy management services, operates natural gas storage and transportation assets, and offers home services such as heating, cooling, plumbing, and appliance repair.