New Jersey Resources Corporation
NJR30 yrs growthUtilities · Utilities - Regulated Gas · Stock · quarterly payer
Forward Yield
3.73%
Annual Dividend
$2.00
Payout Ratio
53%
5-Yr Growth
7.4%
Ex-Date
Sep 24, 2026
Frequency
Quarterly
Key facts about NJR's dividend
Data as of · Source: SmarterDividends data
- As of Oct 23, 2026, New Jersey Resources Corporation (NJR) has a forward dividend yield of 3.73%, based on an annual dividend of $2.00 per share and a share price of $53.63.
- As of Oct 23, 2026, NJR's dividend safety grade from SmarterDividends is A (93 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, New Jersey Resources Corporation (NJR) has raised its dividend for 30 consecutive years as of Oct 23, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
- NJR has never cut its regular dividend in the payment history SmarterDividends has on record.
- NJR's most recent ex-dividend date was Sep 24, 2026, for a dividend of $0.50 per share.
- As of Oct 23, 2026, NJR pays out 53% of its trailing 12-month earnings as dividends (its payout ratio).
- NJR's dividend has grown at an average rate of 7.4% a year over the past five years.
- As of Oct 23, 2026, SmarterDividends' blended fair-value estimate for NJR is $61.47 per share, 15% above the $53.63 share price, so NJR screens as fairly valued.
- New Jersey Resources Corporation (NJR) pays its dividend quarterly, 4 times a year.
- New Jersey Resources Corporation (NJR) has raised its regular dividend 38 times and cut it 0 times across the 160 payments on record since 1986. Its most recent change was a 5.3% increase to $0.500 per share, going ex-dividend on Sep 24, 2026.
- New Jersey Resources (NJR) has declared its first higher dividend of the year in July in 3 of the last 5 years; its most recent raise, 5.3%, was declared on Sep 10, 2026.
Cite this page
SmarterDividends, "NJR Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 23, 2026, https://smarterdividends.com/stocks/NJR
Summary
As of Oct 23, 2026, New Jersey Resources Corporation (NJR) yields 3.73% ($2.00 a year per share), has a dividend safety grade of A (93/100) and has 30 consecutive years of dividend increases on record.
Is NJR a good dividend stock?
YesNew Jersey Resources Corporation (NJR) pays a quarterly dividend yielding 3.73% ($2.00/yr), with 30 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 30 consecutive years of growth
- Never cut its dividend on record
- Comfortable payout ratio (53%)
- Strong 7.4% 5-yr dividend growth
- 45% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 3.73%
- Payout Ratio
- 53%
- Annual Dividend
- $2.00
- 5-Yr Avg Growth
- 7.4%
- Ex-Dividend Date
- Sep 24, 2026
- Years of Growth
- 30
- Frequency
- quarterly
- Beta
- 0.50
- Market Cap
- $5.4B
- P/E Ratio
- 14.9
- 5-Yr Total Return
- 45%
- 52-Week Range
- $43.46 – $60.86
- Dividend Safety
- A · 93/100
- Ever Cut?
- No
NJR dividend raises and cuts
New Jersey Resources Corporation (NJR) has raised its regular dividend 38 times and cut it 0 times across the 160 payments on record since 1986. Its most recent change was a 5.3% increase to $0.500 per share, going ex-dividend on Sep 24, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Sep 24, 2026 | Raise | $0.475 → $0.500 | +5.3% |
| Sep 22, 2025 | Raise | $0.450 → $0.475 | +5.6% |
| Sep 23, 2024 | Raise | $0.420 → $0.450 | +7.1% |
| Sep 19, 2023 | Raise | $0.390 → $0.420 | +7.7% |
| Sep 23, 2022 | Raise | $0.363 → $0.390 | +7.4% |
| Sep 17, 2021 | Raise | $0.333 → $0.363 | +9.0% |
| Sep 21, 2020 | Raise | $0.313 → $0.333 | +6.4% |
| Sep 19, 2019 | Raise | $0.293 → $0.313 | +6.8% |
| Sep 20, 2018 | Raise | $0.273 → $0.293 | +7.3% |
| Sep 21, 2017 | Raise | $0.255 → $0.273 | +7.1% |
| Sep 21, 2016 | Raise | $0.240 → $0.255 | +6.3% |
| Sep 11, 2015 | Raise | $0.225 → $0.240 | +6.7% |
Show all 38 changes since 1987
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Sep 18, 2014 | Raise | $0.210 → $0.225 | +7.1% |
| Sep 19, 2013 | Raise | $0.200 → $0.210 | +5.0% |
| Sep 20, 2012 | Raise | $0.190 → $0.200 | +5.3% |
| Dec 13, 2011 | Raise | $0.180 → $0.190 | +5.6% |
| Dec 13, 2010 | Raise | $0.170 → $0.180 | +5.9% |
| Dec 11, 2009 | Raise | $0.155 → $0.170 | +9.7% |
| Dec 11, 2008 | Raise | $0.140 → $0.155 | +10.7% |
| Jun 11, 2008 | Raise | $0.133 → $0.140 | +5.0% |
| Dec 12, 2007 | Raise | $0.127 → $0.133 | +5.3% |
| Dec 13, 2006 | Raise | $0.120 → $0.127 | +5.6% |
| Dec 13, 2005 | Raise | $0.113 → $0.120 | +5.9% |
| Dec 13, 2004 | Raise | $0.108 → $0.113 | +4.6% |
| Dec 11, 2003 | Raise | $0.103 → $0.108 | +4.8% |
| Dec 12, 2002 | Raise | $0.100 → $0.103 | +3.3% |
| Dec 12, 2001 | Raise | $0.0978 → $0.100 | +2.3% |
| Dec 13, 2000 | Raise | $0.0956 → $0.0978 | +2.3% |
| Dec 13, 1999 | Raise | $0.0933 → $0.0956 | +2.4% |
| Dec 11, 1998 | Raise | $0.0911 → $0.0933 | +2.4% |
| Dec 11, 1997 | Raise | $0.0889 → $0.0911 | +2.5% |
| Dec 12, 1996 | Raise | $0.0867 → $0.0889 | +2.6% |
| Mar 13, 1996 | Raise | $0.0844 → $0.0867 | +2.6% |
| Jun 10, 1991 | Raise | $0.0822 → $0.0844 | +2.7% |
| Jun 11, 1990 | Raise | $0.0778 → $0.0822 | +5.7% |
| Jun 9, 1989 | Raise | $0.0733 → $0.0778 | +6.1% |
| Jun 15, 1988 | Raise | $0.0689 → $0.0733 | +6.5% |
| Jun 9, 1987 | Raise | $0.0644 → $0.0689 | +6.9% |
Frequently Asked Questions
Is NJR a good dividend stock?
Yes. New Jersey Resources Corporation (NJR) pays a quarterly dividend yielding 3.73% ($2.00/yr), with 30 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is NJR undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NJR's fair value is about $61.47 versus a $53.63 share price — so it looks fairly valued (+15% vs. fair value).
Is NJR's dividend safe?
NJR has a dividend-safety grade of A (93/100), based on its payout coverage, free-cash-flow, 30-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is NJR's fair value?
Our blended fair-value estimate for NJR is about $61.47 per share, roughly 15% above the current $53.63 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is NJR a buy, hold, or sell?
We don't issue formal ratings, but on the data NJR screens as "yes" and fairly valued. New Jersey Resources Corporation (NJR) pays a quarterly dividend yielding 3.73% ($2.00/yr), with 30 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will NJR cut its dividend?
NJR earns a dividend-safety grade of A (93/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does NJR pay a dividend?
Yes. New Jersey Resources Corporation pays a quarterly dividend of about $2.00 per share annually, a forward yield of roughly 3.73%.
What is NJR's dividend yield?
As of Oct 23, 2026, NJR's forward dividend yield is 3.73%, based on a $2.00 annual dividend and a $53.63 share price.
What is NJR's dividend per share?
As of Oct 23, 2026, NJR pays $2.00 per share per year, distributed on a quarterly basis.
What is NJR's dividend payout ratio?
As of Oct 23, 2026, NJR's payout ratio is 53% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has NJR grown its dividend?
As of Oct 23, 2026, NJR has increased its dividend for 30 consecutive years.
When is the next NJR ex-dividend date?
As of Oct 23, 2026, NJR's next ex-dividend date hasn't been announced. The most recent was Sep 24, 2026, for $0.50 per share.
NJR Price — Last 12 Months
Daily close
Price Return
1 Year
+11%
3 Years
+26%
5 Years
+45%
52-Week Range
$43.46 – $60.86
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NJR worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for New Jersey Resources Corporation is $61.47 per share, versus a market price of $53.63. That implies the stock is roughly fairly priced.
Fair Value
$61.47
Current Price
$53.63
Gap
+15%
Margin of Safety
13%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 7.3% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 7.3% growth for five years fading to 2.5% over the next five, $3.61 EPS, $2.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NJR Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full NJR dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 24, 2026 | Oct 1, 2026 | $0.5000 | regular |
| Jun 10, 2026 | Jul 1, 2026 | $0.4750 | regular |
| Mar 11, 2026 | Apr 1, 2026 | $0.4750 | regular |
| Dec 12, 2025 | Jan 2, 2026 | $0.4750 | regular |
| Sep 22, 2025 | Oct 1, 2025 | $0.4750 | regular |
| Jun 10, 2025 | Jul 1, 2025 | $0.4500 | regular |
| Mar 11, 2025 | Apr 1, 2025 | $0.4500 | regular |
| Dec 11, 2024 | Jan 2, 2025 | $0.4500 | regular |
| Sep 23, 2024 | Oct 1, 2024 | $0.4500 | regular |
| Jun 12, 2024 | Jul 1, 2024 | $0.4200 | regular |
| Mar 12, 2024 | Apr 1, 2024 | $0.4200 | regular |
| Dec 12, 2023 | Jan 2, 2024 | $0.4200 | regular |
| Sep 19, 2023 | Oct 2, 2023 | $0.4200 | regular |
| Jun 13, 2023 | Jul 3, 2023 | $0.3900 | regular |
Income Calculator
At $2.00 / yr per share
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