New Jersey Resources Rewards Shareholders With 7.1% Dividend Hike [Yahoo! Finance]
NewJersey Resources Corporation (NJR)
Last newjersey resources corporation earnings: 2/6 07:00 am
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US:NYSE Investor Relations:
investor.njresources.com
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Source: Yahoo! Finance
The new dividend rate will be 45 cents per share compared with the previous quarter's 42 cents, payable on Oct. 1, 2024, to stockholders of record as of Sept. 23. This increase resulted in an annualized dividend of $1.80 per share compared with the previous level of $1.68. The company has paid quarterly dividends continuously since its inception in 1952 and has raised the dividend every year for the past 29 years. NJR's current dividend yield is 3.63%, higher than the Zacks S&P 500 composite's average of 1.29%. Can NJR Stock Sustain Dividend Hikes? New Jersey Resources makes consistent investments to upgrade and maintain its existing infrastructure. The idea is to provide reliable services to its customers around the clock. The company expects capital expenditures to be in the range of $490-$580 million and $495-$675 million for fiscal 2024 and fiscal 2025, respectively. This systematic capital expenditure is likely to support the long-term earnings growth target of 7-9%. The
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NJR
News
- Estimating The Fair Value Of New Jersey Resources Corporation (NYSE:NJR) [Yahoo! Finance]Yahoo! Finance
- New Jersey Resources Co. (NYSE: NJR) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- New Jersey Resources Co. (NYSE: NJR) had its price target raised by analysts at Mizuho from $45.00 to $47.00. They now have a "neutral" rating on the stock.MarketBeat
- New Jersey Resources Co. (NYSE: NJR) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- New Jersey Resources Board of Directors Increases Dividend by 7.1% to $0.45 Per Share [Yahoo! Finance]Yahoo! Finance
NJR
Earnings
- 8/6/24 - Miss
NJR
Sec Filings
- 9/25/24 - Form S-3ASR
- 8/22/24 - Form 4
- 8/9/24 - Form 8-K
- NJR's page on the SEC website