SJI Raises Dividend for 23rd Consecutive Year
23 November 2021 - 11:00AM
Media Contact: Dominick DiRocco (732)-239-4462
ddirocco@sjindustries.com
Investor Contact: Dan Fidell(609)
561-9000 ext. 7027dfidell@sjindustries.com
FOR IMMEDIATE RELEASE
SJI Raises Dividend
for 23rd Consecutive
Year
FOLSOM, NJ, November 22, 2021
– SJI (NYSE: SJI) announced today that its board of directors voted
to increase the company’s regular quarterly dividend from $0.3025
per share to $0.3100 per share. The new annualized dividend of
$1.24 represents an increase of 2.48 percent per share over the
previous level.
With this announcement, SJI has increased its dividend for 23
consecutive years.
Factors the board of directors consider when setting the
dividend include future earnings expectations, payout ratio and
dividend yield relative to those at peer companies, as well as
returns available on other income-oriented
investments.
The dividend is payable December 29, 2021 to shareholders of
record at the close of business on December 10, 2021 with an
ex-dividend date of December 9, 2021. This is SJI’s 70th
consecutive year of paying dividends, reflecting the company’s
commitment to a consistent, sustainable dividend.
About SJI
SJI (NYSE: SJI), an energy infrastructure holding company based
in Folsom, NJ, delivers energy services to customers through two
primary subsidiaries: SJI Utilities (SJIU) and SJI Energy
Enterprises (SJIEE). SJIU houses the company’s regulated
natural gas utility operations, delivering safe, reliable and
affordable natural gas to more than 700,000 residential, commercial
and industrial customers across New Jersey via its South Jersey Gas
and Elizabethtown Gas subsidiaries. SJIEE houses the company’s
non-utility operations primarily focused on clean energy
development and decarbonization via renewable energy production and
energy management activities. Visit sjindustries.com for more
information about SJI and its subsidiaries.
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