Core Insights - New Jersey Resources Corporation (NJR) has approved a 5.6% increase in its quarterly dividend rate, raising it to 47.5 cents per share, effective October 1, 2025 [1][9] - This marks the company's 30th consecutive annual dividend increase, with the new annualized dividend rate set at $1.90 per share, resulting in an annualized dividend yield of 4.03%, significantly higher than the S&P 500 average of 1.50% [2][9] Financial Strategy and Growth - NJR follows a systematic capital investment strategy focused on modernizing infrastructure and expanding clean energy programs, aiming for 7-9% long-term net financial earnings per share growth annually [3] - The company plans to invest between $650 million and $770 million in fiscal 2025 and between $655 million and $835 million in fiscal 2026, which is expected to generate strong cash flows for shareholder returns [4] Customer Base and Demand - NJR's principal subsidiary, New Jersey Natural Gas (NJNG), serves 588,000 customers as of the end of fiscal Q3 2025, an increase from 583,000 at the end of fiscal 2024, indicating strong customer demand and growth potential [5] - The service area of NJNG is experiencing notable development, driven by an increasing trend toward year-round living, which is expected to sustain customer additions and demand for NJR's services [5] Renewable Energy Initiatives - NJR, through its Clean Energy Ventures, operates solar projects with a total capacity of 449 megawatts (MW) and is increasing its renewable power generation capacity to meet rising clean energy demand [6] Industry Context - Other utility companies have also announced dividend hikes, reflecting the stable operations and earnings typical in the utility sector, which supports regular dividend increases [7][8]