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New Jersey Resources board of directors declares quarterly dividend

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Wall-based New Jersey Resources’ board of directors declared Wednesday a quarterly dividend on its common stock of $0.42 per share.

According to the announcement, the dividend will be payable on July 1, 2014 to shareholders of record as of June 13, 2014.

“Once again, we have the opportunity to reward our shareholders with a quarterly dividend as we have done continuously since 1952,” Laurence M. Downes, chairman and CEO, said in a prepared statement. “The board’s action today is an acknowledgement of our consistent performance and strong financial profile and reaffirms our continued commitment to our shareholders.”

New Jersey Resources is a Fortune 1000 company that provides safe and reliable natural gas and clean energy services, including transportation, distribution and asset management.  New Jersey Natural Gas, NJR Clean Energy Ventures, NJR Energy Services, NJR Midstream and NJR Home Services are all business units of New Jersey Resources.

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Emily Bader

Emily Bader

Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

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