New Jersey Resources's last quarterly dividend of $0.39 per share was on Dec 13, 2022 (ex-date). The annualized dividend payment of $1.51 per share represents a current dividend yield of 2.87%.
NJR has a dividend yield of 2.87% which is below the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 3.04%, New Jersey Resources's dividend yield is 6% lower. Historically NJR's dividend yield has averaged at 3.2% in the last 5 years, which is above the current yield.
New Jersey Resources has a history of paying dividends since 1995. Our records of NJR show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 8% for the last twelve months. But with the stock price up by 30% from a year ago, the dividend yield has decreased by 17%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Dec 13, 2022 | Jan 3, 2023 | Nov 10, 2022 | $0.39 | normal |
| Sep 23, 2022 | Oct 3, 2022 | Jul 14, 2022 | $0.39 | normal |
| Jun 14, 2022 | Jul 1, 2022 | Apr 20, 2022 | $0.363 | normal |
| Mar 15, 2022 | Apr 1, 2022 | Jan 25, 2022 | $0.363 | normal |
| Dec 14, 2021 | Jan 3, 2022 | Nov 10, 2021 | $0.363 | normal |
| Sep 17, 2021 | Oct 1, 2021 | $0.363 | normal | |
| Jun 15, 2021 | Jul 1, 2021 | Apr 20, 2021 | $0.333 | normal |
| Mar 16, 2021 | Apr 1, 2021 | Jan 19, 2021 | $0.333 | normal |
| Dec 15, 2020 | Jan 4, 2021 | Nov 11, 2020 | $0.333 | normal |
| Sep 21, 2020 | Oct 1, 2020 | Jul 14, 2020 | $0.333 | normal |
| Jun 15, 2020 | Jul 1, 2020 | May 5, 2020 | $0.313 | normal |
| Mar 16, 2020 | Apr 1, 2020 | Jan 21, 2020 | $0.313 | normal |
| Dec 18, 2019 | Jan 2, 2020 | Nov 12, 2019 | $0.313 | normal |
| Sep 19, 2019 | Oct 1, 2019 | Jul 9, 2019 | $0.313 | normal |
| Jun 14, 2019 | Jul 1, 2019 | May 7, 2019 | $0.293 | normal |
| Mar 14, 2019 | Apr 1, 2019 | Jan 22, 2019 | $0.293 | normal |
| Dec 13, 2018 | Jan 2, 2019 | Nov 13, 2018 | $0.293 | normal |
| Sep 20, 2018 | Oct 1, 2018 | Jul 10, 2018 | $0.293 | normal |
| Jun 14, 2018 | Jul 2, 2018 | May 8, 2018 | $0.273 | normal |
| Mar 14, 2018 | Apr 2, 2018 | Jan 23, 2018 | $0.273 | normal |
| Dec 14, 2017 | Jan 2, 2018 | Nov 14, 2017 | $0.273 | normal |
| Sep 21, 2017 | Oct 2, 2017 | Jul 11, 2017 | $0.273 | normal |
| Jun 13, 2017 | Jul 3, 2017 | May 9, 2017 | $0.255 | normal |
| Mar 13, 2017 | Apr 3, 2017 | Jan 24, 2017 | $0.255 | normal |
| Dec 13, 2016 | Jan 3, 2017 | Nov 16, 2016 | $0.255 | normal |
| Sep 21, 2016 | Oct 3, 2016 | Jul 13, 2016 | $0.255 | normal |
| Jun 13, 2016 | Jul 1, 2016 | $0.24 | normal | |
| Mar 11, 2016 | Apr 1, 2016 | Jan 19, 2016 | $0.24 | normal |
NJR has a payout ratio of 51.8% which is higher than its peers average but lower than the Utilities sector and the industry average. In comparison with the Utilities sector average of 63.7%, New Jersey Resources's payout ratio is 19% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| OKE Oneok Inc | 5.44% | $3.76 | 104.2% |
| NI Nisource Inc | 3.51% | $0.96 | 57.2% |
| NFG National Fuel Gas Co | 3.19% | $1.88 | 28.5% |
| NJR New Jersey Resources Corp | 2.87% | $1.51 | 51.8% |
| CNP Centerpoint Energy Inc | 2.36% | $0.7 | 28.5% |
| CPK Chesapeake Utilities Corp | 1.67% | $2.09 | 42.7% |
Yes, New Jersey Resources has been paying dividends for the last 28 years.
NJR has announced its next dividend with ex-date Mar 14, 2023.
New Jersey Resources's last regular dividend was on Dec 13, 2022 (ex-date) with the amount of $0.39 per share.
NJR's annualized dividend per share is $1.51.
Currently New Jersey Resources's dividend yield is 2.87%.
New Jersey Resources pays dividends quarterly.
The dividend payout ratio of New Jersey Resources is 51.8%.
New Jersey Resources's dividend yield is below the Utilities sector average.