New Jersey Resources Board of Directors Declares Dividend

Business Wire, May 15, 2009

WALL, N.J. -- The board of directors of New Jersey Resources (NJR) has unanimously declared a quarterly dividend on its common stock of $.31 per share. The dividend will be payable on July 1, 2009, to shareowners of record on June 15, 2009.

NJR has increased its dividend in excess of 10 percent in each of the last two years and has paid quarterly dividends continuously since its inception in 1952.

New Jersey Resources, a Fortune 1000 company, provides natural gas and clean energy services to customers in New Jersey and in states from the Gulf Coast to New England, and Canada. With over $3 billion in annual revenues, NJR safely and reliably delivers natural gas through more than 6,500 miles of main to nearly half a million customers; develops and manages a diverse portfolio of more than 777,000 dth/d of transportation capacity and nearly 52 Bcf of storage capacity; and provides appliance installation and service to approximately 150,000 homes and businesses. NJR has also made significant investments in the midstream asset sector through equity partnerships, including Steckman Ridge and Iroquois. Through Conserve to Preserve�, NJR is helping customers use less energy and save money. For more information about NJR, visit www.njliving.com.