New Jersey Resources Corp (NJR) has been included in the Dividend Channel’s “S.A.F.E. 25” list, highlighting its strong 3.9% dividend yield and a track record of over 20 years of consistent dividend growth. The company’s annualized dividend is $1.68 per share, recently marked by an ex-dividend date on June 12, 2024.
NJR is also part of the iShares S&P 1500 Index ETF (ITOT) and represents 0.27% of the SPDR S&P Dividend ETF (SDY), which holds approximately $54.93 million worth of NJR shares. The inclusion in the S.A.F.E. 25 list is attributed to its solid returns, accelerating dividend amounts, flawless payment history, and enduring commitment to dividends.
NJR operates in the Gas Utilities sector alongside companies like Atmos Energy Corp (ATO) and NiSource Inc (NI).
