NewJersey Resources Corporation (NJR) To Go Ex-Dividend on September 24th

Posted by Brenda Bartman on Sep 22nd, 2026

NewJersey Resources Corporation (NYSE:NJR – Get Free Report) announced a quarterly dividend on Thursday, September 10th. Investors of record on Thursday, September 24th will be given a dividend of 0.50 per share by the utilities provider on Thursday, October 1st. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 5.3% increase from NewJersey Resources’s previous quarterly dividend of $0.47.

NewJersey Resources has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 29 consecutive years. NewJersey Resources has a dividend payout ratio of 64.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect NewJersey Resources to earn $3.41 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 58.7%.

NewJersey Resources Stock Performance

Shares of NJR opened at $52.96 on Tuesday. The stock has a 50 day moving average price of $55.58 and a 200 day moving average price of $55.69. The company has a quick ratio of 0.45, a current ratio of 0.66 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 2.96 and a beta of 0.50. NewJersey Resources has a 52-week low of $43.46 and a 52-week high of $60.86.

NewJersey Resources (NYSE:NJR – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The company had revenue of $349.18 million for the quarter, compared to analysts’ expectations of $342.13 million. NewJersey Resources had a net margin of 16.42% and a return on equity of 14.46%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.15) earnings per share. NewJersey Resources has set its FY 2026 guidance at 3.520-3.620 EPS. Research analysts predict that NewJersey Resources will post 3.6 EPS for the current fiscal year.

Analysts Set New Price Targets

NJR has been the topic of several research analyst reports. Huntington began coverage on shares of NewJersey Resources in a research note on Monday, September 14th. They set an “outperform” rating and a $68.00 price target on the stock. New Street Research set a $68.00 price objective on shares of NewJersey Resources in a research note on Monday, September 14th. Wells Fargo & Company lowered NewJersey Resources from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $63.00 to $61.00 in a report on Wednesday, August 5th. Wall Street Zen upgraded NewJersey Resources from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, JPMorgan Chase & Co. cut their target price on NewJersey Resources from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NewJersey Resources has a consensus rating of “Buy” and an average price target of $61.50.

Check Out Our Latest Analysis on NewJersey Resources

About NewJersey Resources

(Get Free Report)

New Jersey Resources Corporation (NYSE: NJR) is an energy services holding company based in Wall, New Jersey. Through its subsidiaries, the company provides regulated natural gas distribution, energy management, wholesale energy services, renewable energy development, and natural gas storage and transportation solutions.

Its principal subsidiary, New Jersey Natural Gas, operates a regulated natural gas utility serving residential, commercial, and industrial customers in central and northern New Jersey.