A Dividend Powerhouse: New Jersey Resources Celebrates Three Decades of Payout Growth

In an investment landscape often dominated by short-term gains, New Jersey Resources stands out for its unwavering commitment to long-term shareholder returns. The US-based energy provider has announced a dividend increase for the 30th consecutive year, a remarkable display of consistency in a notoriously volatile sector. This milestone raises a compelling question for investors: does this reliable income stream also translate into share price momentum?

The company’s Board of Directors has declared a raised quarterly dividend, moving the payout from $0.45 to $0.475 per share. This 5.6% enhancement extends a record of uninterrupted dividend distributions that began back in 1952. Shareholders of record as of September 22 will receive the increased payment on October 1. Based on recent trading, the stock offers a dividend yield in the... Read more...