NJR New Jersey Resources dividend history, payout ratio & dates
New Jersey Resources's last dividend of $0.45 per share was on Sep 23, 2024 (ex-date). The annualized dividend payment of $1.71 per share represents a current dividend yield of 3.43%. The latest NJR payout of $0.45 marks a dividend growth of 7%.
Key dates
- NJR last dividend date: Sep 23, 2024
NJR dividend stats
vs. Utilities sector
Dividend yield
NJR has a dividend yield of 3.43% which is above the Utilities sector and its peers average but below the industry average. Compared to its Utilities sector average of 3.07%, New Jersey Resources's dividend yield is 12% higher. Historically NJR's dividend yield has averaged at 3.6% in the last 5 years, which is similar to the current yield.
Dividend history
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 20% from a year ago, the dividend yield has decreased by 10%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Sep 23, 2024 | $0.45 | 3.61% |
| Jun 12, 2024 | $0.42 | 3.94% |
| Mar 12, 2024 | $0.42 | 3.86% |
| Dec 12, 2023 | $0.42 | 3.7% |
| Sep 19, 2023 | $0.42 | 3.76% |
| Jun 13, 2023 | $0.39 | 3.24% |
| Mar 14, 2023 | $0.39 | 2.96% |
| Dec 13, 2022 | $0.39 | 3.03% |
| Sep 23, 2022 | $0.39 | 3.45% |
| Jun 14, 2022 | $0.363 | 3.4% |
| Mar 15, 2022 | $0.363 | 3.27% |
| Dec 14, 2021 | $0.363 | 3.54% |
| Sep 17, 2021 | $0.363 | 3.89% |
| Jun 15, 2021 | $0.333 | 3.06% |
| Mar 16, 2021 | $0.333 | 3.11% |
| Dec 15, 2020 | $0.333 | 3.66% |
| Sep 21, 2020 | $0.333 | 4.68% |
| Jun 15, 2020 | $0.313 | 3.96% |
| Mar 16, 2020 | $0.313 | 4.6% |
| Dec 18, 2019 | $0.313 | 2.67% |
| Sep 19, 2019 | $0.313 | 2.68% |
| Jun 14, 2019 | $0.293 | 2.35% |
| Mar 14, 2019 | $0.293 | 2.31% |
| Dec 13, 2018 | $0.293 | 2.24% |
| Sep 20, 2018 | $0.293 | 2.4% |
| Jun 14, 2018 | $0.273 | 2.64% |
| Mar 14, 2018 | $0.273 | 2.71% |
| Dec 14, 2017 | $0.273 | 2.61% |
| Sep 21, 2017 | $0.273 | 2.49% |
| Jun 13, 2017 | $0.255 | 2.38% |
| Mar 13, 2017 | $0.255 | 2.64% |
| Dec 13, 2016 | $0.255 | 2.72% |
| Sep 21, 2016 | $0.255 | 2.82% |
| Jun 13, 2016 | $0.24 | 2.61% |
| Mar 11, 2016 | $0.24 | 2.72% |
| Dec 11, 2015 | $0.24 | 3.3% |
| Sep 11, 2015 | $0.24 | 3.34% |
| Jun 11, 2015 | $0.225 | 3.2% |
| Mar 11, 2015 | $0.225 | 3.04% |
New Jersey Resources dividend payout ratio
Payout ratio
NJR has a payout ratio of 71.3% which is higher than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 63.3%, New Jersey Resources's payout ratio is 13% higher.
Total amount of dividends paid per financial year (from cash flow)
NJR dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| STR Sitio Royalties Corporation | 6.09% | $1.5 | N/A |
| NJR New Jersey Resources Corp | 3.43% | $1.71 | 71.3% |
| OKE Oneok Inc | 3.39% | $3.96 | 83.9% |
| NFG National Fuel Gas Co | 3.18% | $2.02 | 58.2% |
| NI Nisource Inc | 2.8% | $1.06 | 62.7% |
| CNP Centerpoint Energy Inc | 2.55% | $0.81 | 53.6% |
| CPK Chesapeake Utilities Corp | 1.89% | $2.46 | 49.8% |
Frequently asked questions
Does New Jersey Resources pay a dividend?
Yes, New Jersey Resources has been paying dividends for the last 29 years.
When was NJR's last dividend?
New Jersey Resources's last regular dividend was on Sep 23, 2024 (ex-date) with the amount of $0.45 per share.
How much dividend does New Jersey Resources pay (per share)?
NJR's annualized dividend per share is $1.71.
What is New Jersey Resources's dividend yield?
Currently New Jersey Resources's dividend yield is 3.43%.
How often does New Jersey Resources pay dividends?
New Jersey Resources pays dividends quarterly.
What is New Jersey Resources's dividend payout ratio?
The dividend payout ratio of New Jersey Resources is 71.3%.
Does New Jersey Resources pay a good dividend?
New Jersey Resources's dividend yield is above the Utilities sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.