New Jersey Resources Board Of Directors Declares Quarterly Dividend

The board of directors of New Jersey Resources (NJR) has unanimously declared a quarterly dividend on its common stock of $.38 per share. The dividend will be payable on July 2, 2012 to shareowners of record on June 15, 2012.

“Our shareowners look to us for consistent financial performance,” said Laurence M. Downes, chairman and CEO of NJR. “The action taken by our board is an acknowledgement of our team’s dedication and commitment to providing exceptional value for our customers and shareowners. Once again, we were able to pay a quarterly dividend as we have done continuously since 1952.”

About New Jersey Resources

New Jersey Resources, a Fortune 1000 company, provides safe and reliable natural gas and renewable energy services, including transportation, distribution and asset management in states from the Gulf Coast to the New England regions, including the Mid-Continent region, the West Coast and Canada, while investing in and maintaining an extensive infrastructure to support future growth. With $3 billion in annual revenues, NJR safely and reliably operates and maintains 6,800 miles of natural gas transportation and distribution infrastructure to serve nearly half a million customers; develops and manages a diverse portfolio of 1.2 Bcf/day of firm transportation and over 60.2 Bcf of firm storage capacity; offers low-carbon, clean energy solutions through its commercial and residential solar programs and provides appliance installation, repair and contract service to nearly 130,000 homes and businesses. Additionally, NJR holds investments in midstream assets through equity partnerships including Steckman Ridge and Iroquois. Through Conserve to Preserve®, NJR is helping customers save energy and money by promoting conservation and encouraging efficiency. For more information about NJR, visit www.njresources.com, “Like” us at facebook.com/NewJerseyNaturalGas or follow us on Twitter @NJNaturalGas.

Copyright Business Wire 2010

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