NewJersey Resources Corporation (NJR) To Go Ex-Dividend on June 10th

NewJersey Resources Corporation (NYSE:NJR) declared a quarterly dividend on Wednesday, April 15th. Investors of record on Wednesday, June 10th will be paid a dividend of 0.475 per share by the utilities provider on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, June 10th.

NewJersey Resources has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 29 years. NewJersey Resources has a dividend payout ratio of 60.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NewJersey Resources to earn $3.12 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 60.9%.

NewJersey Resources Stock Up 0.1%

NewJersey Resources stock opened at $55.98 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.83 and a debt-to-equity ratio of 1.32. The firm has a market cap of $5.65 billion, a P/E ratio of 17.33 and a beta of 0.55. The business has a fifty day moving average of $54.49 and a two-hundred day moving average of $49.46. NewJersey Resources has a twelve month low of $43.46 and a twelve month high of $57.70.

NewJersey Resources (NYSE:NJR) last announced its quarterly earnings results on Monday, February 2nd. The utilities provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.22. The business had revenue of $604.85 million for the quarter, compared to the consensus estimate of $546.90 million. NewJersey Resources had a return on equity of 13.06% and a net margin of 15.18%.The business’s revenue was up 23.8% compared to the same quarter last year. During the same period last year, the business posted $1.29 EPS. NewJersey Resources has set its FY 2026 guidance at 3.280-3.43 EPS. On average, analysts forecast that NewJersey Resources will post 3.15 earnings per share for the current fiscal year.

About NewJersey Resources

New Jersey Resources Corporation is a publicly traded energy services holding company headquartered in Wall Township, New Jersey. The firm’s primary focus is on the safe and reliable distribution of natural gas, along with complementary energy services and renewable energy investments. Its operations center on delivering cost-effective solutions to residential, commercial and industrial customers throughout the state.

The company’s principal subsidiary, New Jersey Natural Gas, owns and operates an extensive pipeline network that spans northern, central and southern New Jersey.