New Jersey Resources Corporation’s (NJR) Dividend History: What Makes it a True Dividend Champion

Core Insights - New Jersey Resources Corporation (NJR) is recognized as a strong contender for the Best Dividend Stocks and has achieved its 30th consecutive year of dividend growth [1][3] Company Overview - NJR operates a mix of regulated and unregulated energy businesses, primarily through New Jersey Natural Gas, serving approximately 588,000 customers in affluent and rapidly growing counties [2] - The company also engages in wholesale and retail gas marketing, solar project development, and owns natural gas storage and transportation assets [2] Dividend Information - On September 10, NJR announced a 5.6% increase in its quarterly dividend, raising it to $0.475 per share, resulting in a dividend yield of 4.05% as of October 2 [3] - NJR has maintained a consistent dividend payment since 1952, highlighting its reliability as a dividend champion [3] Future Outlook - The company's future growth is contingent on favorable regulatory decisions and the expansion of its utility business, alongside investments in clean energy projects [4] - Changes in state and federal energy policies are expected to significantly influence the company's performance [4]