New Jersey Resources Corporation — A High-Yield, High-Growth Utility

A stable, growing utility stock that’s beaten-down to its 52-week lows?

That’s what we’re talking about in today’s article.

New Jersey Resources Corporation ($NJR) is a regulated natural gas utility that has underperformed the market. Shares are down -17.15% over the past 12 months, creating an interesting situation for new investors.

The company has become a low-cost, high-yield dividend stock.

And, New Jersey Resources has consistently raised its dividend at a rate that outpaces inflation.

Below, I’ll explain what this company does and how safe its dividend is.

What Does New Jersey Resources Corporation Do?

New Jersey Resources Corporation is a regulated natural gas utility that serves 576,000 customers across six different New Jersey counties.

Regulated utilities are government-backed monopolies. This means that someone who wants to heat their house with natural gas must go through New Jersey Resources, if they live in the company’s operating area.

New Jersey Resources also offers a clean energy segment, where they install solar panels throughout New Jersey, Rhode Island, New York…