New Jersey Resources Corporation
NJR30 yrs growthUtilities · Stock · quarterly payer
Forward Yield
3.45%
Annual Dividend
$1.90
Payout Ratio
53%
5-Yr Growth
7.4%
Ex-Date
Jun 10, 2026
Frequency
Quarterly
Summary
As of August 2026, New Jersey Resources Corporation (NJR) yields 3.45% ($1.90 per share annually), with a blended fair-value estimate of $65.56 — +19% upside, so it screens as undervalued. Dividend safety grade: A (93/100). 30 years of dividend growth.
Is NJR a good dividend stock?
YesNew Jersey Resources Corporation (NJR) pays a quarterly dividend yielding 3.45% ($1.90/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
- 47% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 3.45%
- Payout Ratio
- 53%
- Annual Dividend
- $1.90
- 5-Yr Avg Growth
- 7.4%
- Ex-Dividend Date
- Jun 10, 2026
- Years of Growth
- 30
- Frequency
- quarterly
- Beta
- 0.53
- Market Cap
- $5.6B
- P/E Ratio
- 15.2
- 5-Yr Total Return
- 47%
- 52-Week Range
- $43.46 – $60.86
- Dividend Safety
- A · 93/100
- Ever Cut?
- No
Frequently Asked Questions
NJR Price — Last 12 Months
Daily close
Price Return
1 Year
+16%
3 Years
+30%
5 Years
+47%
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?
Undervaluedmedium confidenceOur blended fair-value estimate for New Jersey Resources Corporation is $65.56 per share, versus a market price of $55.02. That implies 19% of upside — a margin of safety of about 16%.
Fair Value
$65.56
Current Price
$55.02
Upside
+19%
Margin of Safety
16%
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 7.7% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 7.7% stage-1 growth, 2.5% terminal growth, $3.61 EPS, $1.90 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 10, 2026 | — | $0.4750 | regular |
| Mar 11, 2026 | — | $0.4750 | regular |
| Dec 12, 2025 | — | $0.4750 | regular |
| Sep 22, 2025 | — | $0.4750 | regular |
| Jun 10, 2025 | — | $0.4500 | regular |
| Mar 11, 2025 | — | $0.4500 | regular |
| Dec 11, 2024 | — | $0.4500 | regular |
| Sep 23, 2024 | — | $0.4500 | regular |
| Jun 12, 2024 | — | $0.4200 | regular |
| Mar 12, 2024 | — | $0.4200 | regular |
| Dec 12, 2023 | — | $0.4200 | regular |
| Sep 19, 2023 | — | $0.4200 | regular |
| Jun 13, 2023 | — | $0.3900 | regular |
| Mar 14, 2023 | — | $0.3900 | regular |
Income Calculator
At $1.90 / yr per share
