New Jersey Resources Corp Offers Attractive Dividend Yield Above 4%
In trading on Monday, shares of New Jersey Resources Corp (Symbol: NJR) reported a yield exceeding 4% based on its quarterly dividend, annualized to $1.8. The stock was traded as low as $44.83 during the day. Dividends play a significant role for investors, contributing to a substantial portion of total stock market returns over time.
For instance, if you had purchased shares of the iShares Russell 3000 ETF (IWV) on May 31, 2000, at $78.27 each, you would have seen them drop to $77.79 by May 31, 2012. This represents a nominal decline of $0.48 or 0.6% over twelve years. However, during that time, you would have received $10.77 per share in dividends, bringing the total return to 13.15%. Even with reinvested dividends, the annual total return averages about 1.0%. Hence, a yield surpassing 4% appears notably attractive, assuming sustainability. New Jersey Resources Corp (Symbol: NJR) is part of the Russell 3000, marking it as one of the top 3000 companies on U.S. stock markets.
It is important to note that dividend amounts can fluctuate based on each company’s profitability. Reviewing the dividend history for New Jersey Resources Corp, as shown in the chart below, can help assess whether the recent dividend is likely to persist and if expecting a 4% annual yield is reasonable.
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Also see:
- PCRX Options Chain
- ANAT shares outstanding history
- FRON market cap history
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
