NJR New Jersey Resources Corp

The Board of Directors of New Jersey Resources (NJR) has unanimously declared a quarterly dividend on its common stock of $.36 per share. The dividend will be payable on July 3, 2006 to shareowners of record on June 15, 2006. "In spite of the challenges faced by our industry this winter, we have been able to maintain our consistent financial performance by remaining focused on the fundamentals of our business," said Laurence M. Downes, chairman and CEO of NJR. "Just as we are committed to providing reliable service to our customers, we are also proud to be a reliable investment for our shareowners." NJR has paid quarterly dividends on its stock since 1952 and has increased its dividend in each of the last 11 years. New Jersey Resources (NYSE:NJR), a Fortune 1000 company and a member of the Forbes Platinum 400, provides reliable retail and wholesale energy services to customers in New Jersey and in states from the Gulf Coast to New England, and Canada. Its principal subsidiary, New Jersey Natural Gas, is one of the fastest-growing local distribution companies in the United States, serving more than 468,000 customers in central and northern New Jersey. Other major NJR subsidiaries include NJR Energy Services and NJR Home Services. NJR Energy Services is a leader in the unregulated energy services market, providing customer service and management of natural gas storage and capacity assets. NJR Home Services offers retail customers heating, air conditioning and appliance services. NJR's progress is a tribute to the more than 5,000 dedicated employees who have shared their expertise and focus on quality through more than 50 years of serving customers and the community to make NJR a leader in the competitive energy marketplace. For more information, visit NJR's Web site at njliving.com.