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

Posted by Geri Gentry on Jun 8th, 2026

NewJersey Resources Corporation (NYSE:NJR – Get Free Report) announced 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) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, June 10th.

NewJersey Resources has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 29 years. NewJersey Resources has a payout ratio of 60.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect NewJersey Resources to earn $3.45 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 55.1%.

NewJersey Resources Trading Down 0.1%

Shares of NYSE NJR opened at $55.35 on Monday. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 16.42 and a beta of 0.50. The business has a 50 day simple moving average of $56.01 and a 200 day simple moving average of $51.91. NewJersey Resources has a 52 week low of $43.46 and a 52 week high of $58.57. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.80 and a current ratio of 0.94.

NewJersey Resources (NYSE:NJR – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.20 EPS for the quarter, beating the consensus estimate of $1.89 by $0.31. The business had revenue of $939.40 million during the quarter, compared to analysts’ expectations of $849.95 million. NewJersey Resources had a return on equity of 14.58% and a net margin of 15.67%.The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 EPS. NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. On average, research analysts predict that NewJersey Resources will post 3.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NJR shares. Weiss Ratings raised NewJersey Resources from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 27th. Mizuho upped their target price on NewJersey Resources from $54.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Wells Fargo & Company started coverage on NewJersey Resources in a research report on Tuesday, May 12th. They set an “overweight” rating and a $63.00 target price for the company. Finally, Argus set a $63.00 target price on NewJersey Resources in a research report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat.com, NewJersey Resources has an average rating of “Buy” and an average target price of $58.17.

View Our Latest Stock Analysis on NJR

NewJersey Resources Company Profile

(Get Free Report)

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.