New Jersey Resources Raises Quarterly Dividend by 7.1%

Dow Jones09-11

By Colin Kellaher

New Jersey Resources' board has raised the natural-gas provider's quarterly dividend by 7.1%, to 45 cents from 42 cents.

The new payout, equal to $1.80 a year, represents an annual yield of about 3.87% based on Wednesday's trading price of $46.16, up from 3.64%.

The Wall, N.J., company said the increased dividend is payable Oct. 1 to shareholders of record Sept. 23.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

September 11, 2024 11:41 ET (15:41 GMT)

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