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New Jersey Resources Board of Directors Declares Quarterly Dividend

November 13, 2018

WALL, N.J.--(BUSINESS WIRE)--Nov 13, 2018--The board of directors of New Jersey Resources (NYSE:NJR) unanimously declared a quarterly dividend on its common stock of $.2925 per share. The dividend will be payable on January 2, 2019 to shareowners of record as of December 14, 2018.

NJR has paid quarterly dividends continuously since its inception in 1952. The company is committed to providing value to its shareowners with a competitive return.

About New Jersey Resources

New Jersey Resources is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:

New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains nearly 7,500 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in New Jersey’s Monmouth, Ocean and parts of Morris, Middlesex and Burlington counties. NJR Clean Energy Ventures  invests in, owns and operates solar and onshore wind projects with a total capacity of nearly 350 megawatts, providing residential and commercial customers with low-carbon solutions. NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America. NJR Midstream serves customers from local distributors and producers to electric generators and wholesale marketers through its 50 percent equity ownership in the Steckman Ridge natural gas storage facility, as well as its 20 percent equity interest in the PennEast Pipeline Project. NJR Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its more than 1,000 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve ® and initiatives such as The SAVEGREEN Project ® and The Sunlight Advantage ®.

For more information about NJR:

Visit www.njresources.com. Follow us on Twitter @NJNaturalGas. “Like” us on facebook.com/NewJerseyNaturalGas. Download our free NJR investor relations app for iPad, iPhone and Android.

NJR-D

View source version on businesswire.com:https://www.businesswire.com/news/home/20181113006250/en/

CONTACT: Investors:

Dennis Puma

732-938-1229

dpuma@njresources.comMedia:

Michael Kinney

732-938-1031

mkinney@njresources.com

KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY OIL/GAS UTILITIES NATURAL RESOURCES OTHER NATURAL RESOURCES

SOURCE: New Jersey Resources

Copyright Business Wire 2018.

PUB: 11/13/2018 06:11 PM/DISC: 11/13/2018 06:10 PM

http://www.businesswire.com/news/home/20181113006250/en

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