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New Jersey Resources Board of Directors Declares Quarterly Dividend

 January 19, 2016 - 1:28 PM EST

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New Jersey Resources Board of Directors Declares Quarterly Dividend

Today, the Board of Directors of New Jersey Resources (NYSE:NJR)
unanimously declared a quarterly dividend on its common stock of $.24
per share. The dividend will be payable on April 1, 2016, to shareowners
of record on March 15, 2016.

“Since its inception in 1952, New Jersey Resources has continuously
rewarded investors with quarterly dividends,” said Laurence M. Downes,
chairman and CEO of New Jersey Resources. “Today’s action by the Board
is a direct refection of the talents and dedication of our employees and
our steadfast commitment to providing value to our shareowners.”

About New Jersey Resources

New Jersey Resources (NYSE: NJR) is a Fortune 1000 company
that provides safe and reliable natural gas and clean energy services,
including transportation, distribution and asset management. With annual
revenues in excess of $3 billion, NJR is comprised of five primary
businesses:

  • New Jersey Natural Gas is NJR’s principal subsidiary that operates
    and maintains over 7,000 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, Sussex
    and Burlington counties.
  • NJR Energy Services manages a diversified portfolio of natural
    gas transportation and storage assets and provides physical natural
    gas services to its customers across North America.
  • NJR Clean Energy Ventures invests in, owns and operates solar
    and onshore wind projects with a total capacity of over 195 megawatts,
    providing residential and commercial customers with low-carbon
    solutions.
  • NJR Midstream serves customers from local distributors and
    producers to electric generators and wholesale marketers through its
    equity ownership in a natural gas storage facility and its stake in
    Dominion Midstream Partners, L.P.
  • NJR Home Services provides heating, central air conditioning,
    standby generators, solar and other indoor and outdoor comfort
    products to residential homes and businesses throughout New Jersey.

NJR and its nearly 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.

###

New Jersey Resources
Media:
Michael Kinney, 732-938-1031
mkinney@njresources.com
or
Investor:
Joanne
Fairechio, 732-378-4967
jfairechio@njresources.com
or
Dennis
Puma, 732-938-1229
dpuma@njresources.com

Source: Business Wire
(January 19, 2016 - 1:28 PM EST)

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