Dividend and Recent Developments on New Jersey Resources: Key Updates Before the Sep 22, 2025 Ex-Dividend Date

New Jersey Resources (NJR) has announced its upcoming quarterly dividend of $0.475 per share, set to be paid on Oct 1, 2025, to shareholders of record as of the ex-dividend date of Sep 22, 2025. The dividend was declared on Sep 10, 2025, marking a 5.6% increase from the previous quarterly payment of $0.45 and bringing the annualized dividend to $1.90. This recent adjustment reflects the company’s ongoing commitment to returning value to shareholders, with its dividend yield currently standing at 4.03%, well above the broader market average. The latest payment is also higher than the average of the company’s last 10 dividend payments, which stood at $0.3736, indicating a continued upward trend in shareholder returns. This cash dividend continues the company’s long-standing tradition of paying dividends quarterly since 1952 and increasing them for the past 30 years.

Recently, New Jersey Resources has attracted attention due to several key developments. On Sep 10, 2025, the company announced the increase in its quarterly dividend, signaling confidence in its financial stability and long-term earnings potential. Shortly after, on the same day, Mizuho upgraded its price target for NJR to $51.00 from $50.00, maintaining a neutral outlook. This adjustment suggests analysts see moderate growth potential but are cautious about near-term volatility. Over the past week, another significant event occurred as Amy B. Mansue was elected to the company’s board of directors, expanding its leadership and potentially bringing fresh strategic direction. These moves, coupled with the dividend increase, reinforce the company’s focus on shareholder value and operational strength.

As of late, New Jersey Resources has also demonstrated robust financial fundamentals. Its return on equity (ROE) stands at 17.08%, significantly higher than the industry average of 9.08%, showcasing its efficient capital utilization. The company’s capital expenditure plans for fiscal 2025 and 2026, ranging from $650 million to $835 million, further highlight its commitment to infrastructure development and long-term growth. Additionally, New Jersey Natural Gas, a subsidiary of NJR, has seen a rise in its customer base, now serving nearly 588,300 customers as of June 30, 2025, up from approximately 583,000 in the previous year. The company’s strong earnings performance, including an average earnings surprise of 54.96% over the last four quarters, also underscores its ability to exceed market expectations. With a debt-to-capital ratio of 58.26%, which is slightly better than the industry average of 59.64%, NJR maintains a relatively healthy balance sheet and a strong interest coverage ratio of 5, demonstrating its ability to meet future obligations.

Investors should note that the ex-dividend date of Sep 22, 2025, is the last day to purchase shares to qualify for the upcoming dividend. Any purchases made after this date will not be eligible for the $0.475 per share payout scheduled for Oct 1, 2025. Given the recent dividend increase, strong earnings performance, and strategic capital plans, New Jersey Resources appears well-positioned for continued growth and value creation for shareholders.