New Jersey Resources Board of Directors Declares Quarterly Dividend

  New Jersey Resources Board of Directors Declares Quarterly Dividend

Business Wire

WALL, N.J. -- May 14, 2014

Today, the board of directors of New Jersey Resources (NJR) unanimously
declared a quarterly dividend on its common stock of $.42 per share. The
dividend will be payable on July 1, 2014 to shareowners of record on June 13,
2014.

“Once again, we have the opportunity to reward our shareowners with a
quarterly dividend as we have done continuously since 1952,” said Laurence M.
Downes, chairman and CEO of New Jersey Resources. “The board’s action today is
an acknowledgement of our consistent performance and strong financial profile
and reaffirms our continued commitment to our shareowners.”

About New Jersey Resources

New Jersey Resources (NYSE:NJR) is a Fortune 1000 company that provides safe
and reliable natural gas and clean energy services, including transportation,
distribution and asset management. With annual revenues in excess of $2
billion, NJR is comprised of five key businesses:

  *New Jersey Natural Gas is NJR’s principal subsidiary that  operates and
    maintains 7,000 miles of natural gas transportation and distribution
    infrastructure to serve half a million customers in New Jersey’s Monmouth,
    Ocean and parts of Morris and Middlesex counties.
  *NJR Clean Energy Ventures invests in, owns and operates solar and onshore
    wind projects with a total capacity in excess of 62 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 equity ownership
    in a natural gas storage facility and a transportation pipeline, both of
    which are Federal Energy Regulatory Commission, or FERC-regulated
    investments.
  *NJR Home Services provides heating, central air conditioning, standby
    generators, solar and other indoor and outdoor comfort products to
    residential homes and businesses throughout New Jersey and serves
    approximately 120,000 service contract customers.

NJR and its more than 900 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 and iPhone.

Contact:

New Jersey Resources
Media:
Michael Kinney, 732-938-1031
mkinney@njresources.com
or
Investors:
Joanne Fairechio, 732-378-4967
jfairechio@njresources.com
or
Dennis Puma, 732-938-1229
dpuma@njresources.com
 
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