New Jersey Resources Dividend
Dividend criteria checks 4/6
New Jersey Resources is a dividend paying company with a current yield of 3.87% that is well covered by earnings. Next payment date is on 1st July, 2024 with an ex-dividend date of 12th June, 2024.
Key information
3.9%
Dividend yield
66%
Payout ratio
| Industry average yield | 3.9% |
| Next dividend pay date | 01 Jul 24 |
| Ex dividend date | 12 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | US$2.42 |
| Dividend yield forecast in 3Y | 4.5% |
Recent dividend updates
Recent updates
Investors Interested In New Jersey Resources Corporation's (NYSE:NJR) Earnings
Apr 11
New Jersey Resources (NYSE:NJR) Has No Shortage Of Debt
Mar 26New Jersey Resources Corporation: Fantastic Dividend Payer Likely To Stay That Way
Feb 15Results: New Jersey Resources Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
Feb 09Broker Revenue Forecasts For New Jersey Resources Corporation (NYSE:NJR) Are Surging Higher
Jan 25Return Trends At New Jersey Resources (NYSE:NJR) Aren't Appealing
Dec 24New Jersey Resources: Waiting For That Valuation "HOLD"
Nov 03Is New Jersey Resources (NYSE:NJR) A Risky Investment?
Oct 10A Look At The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)
Sep 27New Jersey Resources (NYSE:NJR) Is Increasing Its Dividend To $0.42
Sep 12New Jersey Resources (NYSE:NJR) Is Paying Out A Dividend Of $0.39
Aug 29New Jersey Resources Corporation: Solid Business But Pricey
Aug 23New Jersey Resources: Rate Base Expansion Key To Sustained Dividend
Aug 16New Jersey Resources (NYSE:NJR) Has Affirmed Its Dividend Of $0.39
Aug 13If EPS Growth Is Important To You, New Jersey Resources (NYSE:NJR) Presents An Opportunity
Jul 29We Think New Jersey Resources (NYSE:NJR) Is Taking Some Risk With Its Debt
Jun 27New Jersey Resources Corporation's (NYSE:NJR) Intrinsic Value Is Potentially 25% Below Its Share Price
Jun 14New Jersey Resources (NYSE:NJR) Hasn't Managed To Accelerate Its Returns
May 31New Jersey Resources: Distribution Growth Creating Margin Expansion
May 29Here's Why New Jersey Resources (NYSE:NJR) Has Caught The Eye Of Investors
Apr 12New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt
Mar 29New Jersey Resources (NYSE:NJR) Is Looking To Continue Growing Its Returns On Capital
Feb 13New Jersey Resources Q1 2023 Earnings Preview
Feb 01New Jersey Resources declares $0.39 dividend
Jan 25Is New Jersey Resources (NYSE:NJR) Using Too Much Debt?
Dec 26New Jersey Resources: A Compounder, But An Expensive One At This Time
Dec 13Does New Jersey Resources (NYSE:NJR) Deserve A Spot On Your Watchlist?
Dec 09News Flash: Analysts Just Made A Sizeable Upgrade To Their New Jersey Resources Corporation (NYSE:NJR) Forecasts
Nov 23Calculating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)
Nov 17New Jersey Resources Q4 2022 Earnings Preview
Nov 16New Jersey Resources declares $0.39 dividend
Nov 10New Jersey Resources: A Compounder With Some Downside Remaining
Sep 30New Jersey Resources (NYSE:NJR) Takes On Some Risk With Its Use Of Debt
Sep 27New Jersey Resources (NYSE:NJR) Has Announced A Dividend Of $0.3625
Sep 15New Jersey Resources raises quarterly dividend by 7.6%
Sep 14Here's What To Make Of New Jersey Resources' (NYSE:NJR) Decelerating Rates Of Return
Sep 13If EPS Growth Is Important To You, New Jersey Resources (NYSE:NJR) Presents An Opportunity
Aug 18Estimating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)
Aug 06New Jersey Resources: Bad To Worse
Jul 12New Jersey Resources (NYSE:NJR) Seems To Be Using A Lot Of Debt
May 26Returns At New Jersey Resources (NYSE:NJR) Appear To Be Weighed Down
May 12Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: NJR's dividends per share have been stable in the past 10 years.
Growing Dividend: NJR's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| New Jersey Resources Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (NJR) | 3.9% |
| Market Bottom 25% (US) | 1.6% |
| Market Top 25% (US) | 4.8% |
| Industry Average (Gas Utilities) | 3.9% |
| Analyst forecast in 3 Years (NJR) | 4.5% |
Notable Dividend: NJR's dividend (3.87%) is higher than the bottom 25% of dividend payers in the US market (1.58%).
High Dividend: NJR's dividend (3.87%) is low compared to the top 25% of dividend payers in the US market (4.8%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (66.2%), NJR's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (112.4%), NJR's dividend payments are not well covered by cash flows.