Dividend Update for New Jersey Resources: Key Insights Ahead of Jun 10, 2025, Ex-Dividend Date
CashCowFriday, Jun 6, 2025 7:24 pm ET
1min readNew Jersey Resources (NJR) has announced its upcoming dividend, set at $0.450 per share, with an ex-dividend date of Jun 10, 2025. This dividend is scheduled for payment on Jul 1, 2025, following its announcement on Apr 16, 2025. The recent dividend aligns with the company's previous payout on Apr 1, 2025, which was also $0.450 per share. Notably, this amount surpasses the average of the last ten dividend payouts, which stood at approximately $0.373 per share, highlighting an increase. The dividend is categorized as a cash dividend.
In recent developments, New Jersey Resources has been the focus of several significant news stories. As of late, analysts have highlighted the company's impressive performance in the second quarter of 2025, with earnings per share and revenue figures exceeding expectations. This positive financial performance has contributed to the growing interest in NJR as a top-tier energy dividend stock, with a noted dividend yield of 3.93%.
Furthermore, the market landscape has seen strategic shifts in institutional holdings in NJR. Thurston Springer Miller Herd & Titak Inc. has recently increased its stake in New Jersey Resources by 27.6% during the first quarter, reflecting confidence in the company's potential. On the other hand, Wellington Management Group LLP has slightly reduced its stake by 8.1% in the fourth quarter, indicating varied sentiment among major stakeholders.
In terms of industry trends, the utility sector, including New Jersey Resources, continues to draw investor attention due to its defensive nature amidst market volatility. Recently, analysts have noted that the sector's appeal is bolstered by falling treasury yields, making dividend-paying stocks more attractive. However, the imposition of tariffs on essential materials has posed some challenges, although the overall sentiment remains positive.
In conclusion, New Jersey Resources stands as a noteworthy candidate for investors seeking stable and rewarding dividend opportunities. The ex-dividend date of Jun 10, 2025, marks the deadline for investors to purchase NJR shares to qualify for the upcoming dividend. Any acquisitions made after this date will not be eligible for this round of dividends.
In recent developments, New Jersey Resources has been the focus of several significant news stories. As of late, analysts have highlighted the company's impressive performance in the second quarter of 2025, with earnings per share and revenue figures exceeding expectations. This positive financial performance has contributed to the growing interest in NJR as a top-tier energy dividend stock, with a noted dividend yield of 3.93%.
Furthermore, the market landscape has seen strategic shifts in institutional holdings in NJR. Thurston Springer Miller Herd & Titak Inc. has recently increased its stake in New Jersey Resources by 27.6% during the first quarter, reflecting confidence in the company's potential. On the other hand, Wellington Management Group LLP has slightly reduced its stake by 8.1% in the fourth quarter, indicating varied sentiment among major stakeholders.
In terms of industry trends, the utility sector, including New Jersey Resources, continues to draw investor attention due to its defensive nature amidst market volatility. Recently, analysts have noted that the sector's appeal is bolstered by falling treasury yields, making dividend-paying stocks more attractive. However, the imposition of tariffs on essential materials has posed some challenges, although the overall sentiment remains positive.
In conclusion, New Jersey Resources stands as a noteworthy candidate for investors seeking stable and rewarding dividend opportunities. The ex-dividend date of Jun 10, 2025, marks the deadline for investors to purchase NJR shares to qualify for the upcoming dividend. Any acquisitions made after this date will not be eligible for this round of dividends.
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