New Jersey Resources Board of Directors Declares Dividend

WALL, N.J.--(Business Wire)--
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 October 1, 2008, to
shareowners of record on September 15, 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
www.njliving.com.

New Jersey Resources
Media:
Michael Kinney, 732-938-1031
mkinney@njresources.com
or
Investors:
Dennis Puma, 732-938-1229
dpuma@njresources.com

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