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 $.28 per share. The dividend will be payable on July 1, 2008, to shareowners of record on June 13, 2008. NJR has increased its dividend in each of the past 13 years and has paid quarterly dividends continuously since its inception in 1952. New Jersey Resources (NYSE:NJR), a Fortune 1000 company, 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, serves more than 482,000 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 wholesale 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.