New Jersey Resources Board of Directors Declares Quarterly Dividend

WALL, N.J.–(BUSINESS WIRE)–The board of directors of New Jersey Resources (NYSE: NJR) unanimously
declared a quarterly dividend on its common stock of $.2925 per share.
The dividend will be payable on July 1, 2019 to shareowners of record as
of June 17, 2019.

The company is committed to providing value to its shareowners with a
competitive return and has paid quarterly dividends continuously since
its inception in 1952.

About New Jersey Resources

New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that,
through its subsidiaries, provides safe and reliable natural gas and
clean energy services, including transportation, distribution, asset
management and home services. NJR is composed of five primary businesses:

  • New Jersey Natural Gas, NJR’s principal subsidiary, operates
    and maintains over 7,500 miles of natural gas transportation and
    distribution infrastructure to serve over half a million customers in
    New Jersey’s Monmouth, Ocean, Morris, Middlesex and Burlington
    counties.
  • NJR Clean Energy Ventures invests in, owns and operates solar
    projects with a total capacity of 250 megawatts, providing residential
    and commercial customers with low-carbon solutions.
  • NJR Energy Services manages a diversified portfolio of natural
    gas transportation and storage assets and provides physical natural
    gas services and customized energy solutions to its customers across
    North America.
  • NJR Midstream serves customers from local distributors and
    producers to electric generators and wholesale marketers through its
    50 percent equity ownership in the Steckman Ridge natural gas storage
    facility, as well as its 20 percent equity interest in the PennEast
    Pipeline Project.
  • NJR Home Services provides service contracts as well as
    heating, central air conditioning, water heaters, standby generators,
    solar and other indoor and outdoor comfort products to residential
    homes throughout New Jersey.

NJR and its more than 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.

NJR-D

Contacts

Investors:
Dennis Puma
732-938-1229
[email protected]

Media:
Michael
Kinney
732-938-1031
[email protected]

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