New Jersey Resources Board of Directors Declares Dividend

The board of directors of New Jersey Resources (NJR) has unanimously declared a quarterly dividend on its common stock of $.34 per share. The dividend will be payable on July 1, 2010, to shareowners of record on June 15, 2010.

NJR has increased its dividend by an average of more than 10 percent in each of the last three years and has paid quarterly dividends continuously since its inception in 1952.

New Jersey Resources, a Fortune 1000 company, provides reliable energy and natural gas services including transportation, distribution and asset management in states from the Gulf Coast to the New England regions, including the Mid-Continent region, the West Coast and Canada, while investing in and maintaining an extensive infrastructure to support future growth. With over $2.5 billion in annual revenues, NJR safely and reliably operates and maintains 6,700 miles of natural gas transportation and distribution infrastructure to serve nearly half a million customers; develops and manages a diverse portfolio of more than 777,000 dth/d of transportation capacity and 52 Bcf of storage capacity; and provides appliance installation, repair and contract service to approximately 144,000 homes and businesses. Additionally, NJR holds investments in midstream assets through equity partnerships including Steckman Ridge and Iroquois. Through Conserve to Preserve®, NJR is helping customers save energy and money by promoting conservation and encouraging efficiency. For more information about NJR, visit www.njliving.com.

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