NewJersey Resources Corporation (NJR) Dividends
Dividend Yield and Dividend History Highlights
NJR Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $49.13 | $248.97 | 468.56% |
The Dividend Discount Model (DDM) is a valuation model that attempts to determine a fair share price for a stock, based on the dividend it provides in comparison to several company-specific metrics indicative of the riskiness of the stock and the financial health of the company. Regarding New Jersey Resources Corp, the DDM model, as implemented by StockNews, implies a positive return of 468.56% relative to its current price. To help understand and contextualize the model's evaluation of NJR, investors may wish to consider are:
- Compared to other dividend issuers in the mid-sized market cap category, NJR's beta -- a measure of volatility relative to the market at large -- is lower than 87.32% of them.
- NJR's market cap of approximately $4 billion makes it a mid-sized market cap company; out of dividend issuers in this group, the investment opportunity based on the difference between its current share price and its forecasted DDM value is greater than 88.22% of them.
NJR Dividend History
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Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2025-03-11 | Dividend | $0.45 | -- |
| 2024-12-11 | Dividend | $0.45 | -- |
| 2024-09-23 | Dividend | $0.45 | +7.14% |
| 2024-06-12 | Dividend | $0.42 | -- |
| 2024-03-12 | Dividend | $0.42 | -- |
| 2023-12-12 | Dividend | $0.42 | -- |
| 2023-09-19 | Dividend | $0.42 | +7.69% |
| 2023-06-13 | Dividend | $0.39 | -- |
| 2023-03-14 | Dividend | $0.39 | -- |
| 2022-12-13 | Dividend | $0.39 | -- |
| 2022-09-23 | Dividend | $0.39 | +7.44% |
| 2022-06-14 | Dividend | $0.36 | -- |
| 2022-03-15 | Dividend | $0.36 | -- |
| 2021-12-14 | Dividend | $0.36 | -- |
| 2021-09-17 | Dividend | $0.36 | +9.01% |
| 2021-06-15 | Dividend | $0.33 | -- |
| 2021-03-16 | Dividend | $0.33 | -- |
| 2020-12-15 | Dividend | $0.33 | -- |
| 2020-09-21 | Dividend | $0.33 | +6.39% |
| 2020-06-15 | Dividend | $0.31 | -- |
NJR Dividends vs. Peers
NJR's dividend yield currently ranks #1 of 83 vs. its peers in the Utilities - Domestic category.
Looking for More Information on NJR dividends?
Want to see what other sources are saying about New Jersey Resources Corp's dividends? Try the links below:New Jersey Resources Corp Common Stock (NJR) Dividend History | Nasdaq
Dividend History for New Jersey Resources Corp (NJR) - Dividend Investor
New Jersey Resources Corp (NJR) Dividend History - Seeking Alpha