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Stock impact report

New Jersey Resources (NYSE:NJR) Is Paying Out A Larger Dividend Than Last Year [Yahoo! Finance]

NewJersey Resources Corporation (NJR) 
Last newjersey resources corporation earnings: 2/6 07:00 am Check Earnings Report
US:NYSE Investor Relations: investor.njresources.com
Company Research Source: Yahoo! Finance
is 5.6% higher than last year's payment from the same period of $0.45. The payment will take the dividend yield to 3.8%, which is in line with the average for the industry. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. New Jersey Resources' Payment Could Potentially Have Solid Earnings Coverage While it is always good to see a solid dividend yield, we should also consider whether the payment is feasible. Based on the last payment, New Jersey Resources' earnings were much higher than the dividend, but it wasn't converting those earnings into cash flow. No cash flows could definitely make returning cash to shareholders difficult, or at least mean the balance sheet will come under pressure. Over the next year, EPS is forecast to fall by 4.7%. If the dividend continues along recent trends, we estimate the payout ratio could be 50%, which we consider to be quite comfortable, with most of the company's earnings l Show less Read more
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