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New Jersey Resources ups quarterly dividend by 7.3%

New Jersey Resources Corp. declared a quarterly dividend of 29.25 cents per share, up 7.3% from the 27.25 cents per share the previous quarter.

The new rate is payable Oct. 1 to shareholders of record Sept. 21, according to a Sept. 10 news release.

This dividend replaces the previously announced dividend of 27.25 cents per share.