New Jersey Resources (NJR) announced that its board of directors has approved a 7.1% increase in its quarterly dividend rate. The new dividend rate will be 45 cents per share compared with the previous quarter's 42 cents, payable on Oct. 1, 2024, to stockholders of record as of Sept. 23. This increase resulted in an annualized dividend of $1.80 per share compared with the previous level of $1.68. The company has paid quarterly dividends continuously since its inception in 1952 and has raised the dividend ev ...