New Jersey Resources Boosts Shareholder Value, Hikes Dividend by 5.6%

Key Takeaways New Jersey Resources approved a 5.6% dividend hike, lifting the annual dividend rate to $1.90 per share.The company has raised dividends annually for the past 30 years.NJR intends to invest in the range of$ 650- $770 million in fiscal 2025 to strengthen infrastructureNew Jersey Resources Corporation (NJR) recently announced that its board of directors has approved a 5.6% increase in its quarterly dividend rate. Following the board's approval, the company’s share price rose 0.6% to reach$ 47.17 ...