WALL, N.J.--(BUSINESS WIRE)--The board of directors of New Jersey Resources (NJR) has unanimously declared a quarterly dividend on its common stock of $.40 per share. The dividend will be payable on December 31, 2012 to shareowners of record on December 14, 2012.
“NJR has paid quarterly dividends continuously since its inception in 1952,” said Laurence M. Downes, chairman and CEO of NJR. “Our board of directors accelerated the payment date from January 2013 due to concerns that the tax rate on dividends may rise next year unless Washington lawmakers address the fiscal cliff. We urge our shareowners to contact their congressional representatives to keep dividend tax rates at current levels.”
About New Jersey Resources
New Jersey Resources, a Fortune 1000 company, provides safe and reliable natural gas and renewable energy services, including transportation, distribution and asset management in states from the Gulf Coast to the New England regions, including the Mid-Continent region, the West Coast and Canada, while investing in and maintaining an extensive infrastructure to support future growth. With $3 billion in annual revenues, NJR safely and reliably operates and maintains 6,800 miles of natural gas transportation and distribution infrastructure to serve approximately half a million customers; develops and manages a diverse portfolio of 1.5 Bcf/day of firm transportation and over 62.1 Bcf of firm storage capacity; offers low-carbon, clean energy solutions through its commercial and residential solar programs and provides appliance installation, repair and contract service to nearly 135,000 homes and businesses. Additionally, NJR holds investments in midstream assets through equity partnerships including Steckman Ridge and Iroquois. Through Conserve to Preserve®, NJR is helping customers save energy and money by promoting conservation and encouraging efficiency. For more information about NJR, visit www.njresources.com, “Like” us at Facebook.com/NewJerseyNaturalGas, follow us on Twitter @NJNaturalGas and download our free NJR investor relations app for iPad.