Business & Finance
Wed, November 16, 2011 
WALL, N.J.--([ BUSINESS WIRE ])--The board of directors of New Jersey Resources (NYSE:NJR) has unanimously declared a 5.6 percent increase in the quarterly dividend rate to $.38 per share from $.36 per share. The new quarterly rate will be effective with the dividend payable January 3, 2012 to shareowners of record on December 15, 2011. The new annual dividend rate will be $1.52 per share. NJR has paid quarterly dividends continuously since its inception in 1952.
"Our strong financial profile and solid performance in 2011 enables us to reward our shareowners by increasing our dividend once again as we have done in each of the past 17 years."
aThe action taken today by our board of directors reaffirms our commitment to our shareowners,a said Laurence M. Downes, chairman and CEO of New Jersey Resources. aOur strong financial profile and solid performance in 2011 enables us to reward our shareowners by increasing our dividend once again as we have done in each of the past 17 years.a
New Jersey Resources, a Fortune 1000 company, provides safe and reliable natural gas and renewable energy services, including transportation, distribution and asset management in states from the Gulf Coast to the New England regions, including the Mid-Continent region, the West Coast and Canada, while investing in and maintaining an extensive infrastructure to support future growth. With $3 billion in annual revenues, NJR safely and reliably operates and maintains 6,800 miles of natural gas transportation and distribution infrastructure to serve nearly half a million customers; develops and manages a diverse portfolio of 1.55 Bcf/day of firm transportation and over 59.4 Bcf of firm storage capacity; offers low carbon, clean energy solutions through its commercial and residential solar programs and provides appliance installation, repair and contract service to nearly 150,000 homes and businesses. Additionally, NJR holds investments in midstream assets through equity partnerships including Steckman Ridge and Iroquois. Through Conserve to Preserve, NJR is helping customers save energy and money by promoting conservation and encouraging efficiency. For more information about NJR, visit [ www.njliving.com ].
