New Jersey Resources Corporation (NJR) will raise its quarterly dividend by 6.8 percent to $0.3125 per share in 2019. This follows a 2 cent dividend hike to 29.25 cents per share quarterly last year.

The next dividend will be payable on October 1, 2019 to shareowners of record as of September 20, 2019. A new annual rate of $1.25 per share yields 3.1% at a stock price of $40.70.

New Jersey Resources an energy services holding company whose principal business is the distribution of natural gas through a regulated utility, providing other retail and wholesale energy services to customers and investing in clean energy projects and midstream assets. The company's primary subsidiaries are: New Jersey Natural Gas Company, NJR Clean Energy Ventures Corporation and NJR Energy Services Company. NJR has paid quarterly dividends continuously since its inception in 1952.