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New Jersey Resources boosts quarterly dividend by 6.8%

New Jersey Resources Corp. increased its quarterly dividend to 31.3 cents per share, up 6.8% from the previous quarter's dividend of 29.3 cents per share.

The dividend is equivalent to $1.25 per share on an annualized basis, according to a Sept. 10 news release. It is payable Oct. 1 to shareholders of record as of Sept. 20.

New Jersey Resources serves over 525,000 natural gas utility customers in New Jersey through its subsidiary New Jersey Natural Gas Co.