New Jersey Resources's last quarterly dividend of $0.42 per share was on Mar 12, 2024 (ex-date). The annualized dividend payment of $1.65 per share represents a current dividend yield of 3.81%.
NJR has a dividend yield of 3.81% which is above the Utilities sector and its peers average but below the industry average. Compared to its Utilities sector average of 3.54%, New Jersey Resources's dividend yield is 8% higher. Historically NJR's dividend yield has averaged at 3.4% in the last 5 years, which is below 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. And with the stock price down by 19% from a year ago, the dividend yield has increased by 33%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 12, 2024 | Apr 1, 2024 | Jan 24, 2024 | $0.42 | normal |
| Dec 12, 2023 | Jan 2, 2024 | Nov 16, 2023 | $0.42 | normal |
| Sep 19, 2023 | Oct 2, 2023 | Jul 12, 2023 | $0.42 | normal |
| Jun 13, 2023 | Jul 3, 2023 | Apr 5, 2023 | $0.39 | normal |
| Mar 14, 2023 | Apr 3, 2023 | Jan 25, 2023 | $0.39 | normal |
| 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 67.3% which is higher than the Utilities sector, the industry and its peers average. But in comparison with the Utilities sector average of 65.4%, New Jersey Resources's payout ratio is only 2.9% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| STR Sitio Royalties Corporation | 7.91% | $1.9 | N/A |
| OKE Oneok Inc | 4.84% | $3.86 | 70.2% |
| NJR New Jersey Resources Corp | 3.81% | $1.65 | 67.3% |
| NFG National Fuel Gas Co | 3.71% | $1.98 | 41.3% |
| NI Nisource Inc | 3.68% | $1.02 | 63.8% |
| CNP Centerpoint Energy Inc | 2.73% | $0.78 | 56.9% |
| CPK Chesapeake Utilities Corp | 2.25% | $2.36 | 49.7% |
Yes, New Jersey Resources has been paying dividends for the last 29 years.
NJR hasn't announced its next dividend date yet, but if we take into consideration its recent dividend frequency, it is likely that its next dividend will be in June 2024.
New Jersey Resources's last regular dividend was on Mar 12, 2024 (ex-date) with the amount of $0.42 per share.
NJR's annualized dividend per share is $1.65.
Currently New Jersey Resources's dividend yield is 3.81%.
New Jersey Resources pays dividends quarterly.
The dividend payout ratio of New Jersey Resources is 67.3%.
New Jersey Resources's dividend yield is above the Utilities sector average.