New Jersey Resources (NJR) Shares Soar 6.17% in a Week, Boosted by Dividend Announcement
Mover TrackerThursday, Apr 17, 2025 6:21 pm ET
1min readNew Jersey Resources (NJR) shares rose 0.08% today, marking the seventh consecutive day of gains, with a 6.17% increase over the past week. The stock price reached its highest level since December 2024, with an intraday gain of 1.49%.
One of the most significant factors influencing the stock price of
(NJR) is the dividend announcement made on April 16, 2025. declared a quarterly dividend of $0.45 per share, payable on July 1, 2025, to shareholders of record as of June 10, 2025. This consistent dividend payment and increase over the past 29 years reflect the company's financial stability, which can positively influence investor sentiment and stock price.Additionally, market confidence in NJR's financial performance is evident through Mizuho's adjustment of NJR's stock target to $52. This adjustment reflects a 6.51% revenue growth over the last twelve months, further bolstering investor trust in the company's prospects. The combination of stable dividends and strong financial performance has contributed to the recent upward trend in NJR's stock price.
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