UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report
November 23, 2015
(Date of earliest event reported)

SOUTH JERSEY INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)

 
 
 
 
 
 
 
 
New Jersey
1-6364
22-1901645
(State of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)

1 South Jersey Plaza, Folsom, New Jersey 08037
(Address of principal executive offices, including zip code)

(609) 561-9000
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))




 
 
 
 
 
 
Item 7.01.
Regulation FD Disclosure

The following information is furnished pursuant to Item 7.01, “Regulation FD Disclosure.”

On November 23, 2015 South Jersey Industries, Inc. (SJI) declared a quarterly dividend of $0.26375 per share. The dividend is payable December 29, 2015 to shareholders of record at the close of business December 10, 2015.  A copy of the press release of November 23, 2015 announcing the declaration of the dividend is attached hereto as Exhibit 99 and hereby incorporated by reference.

 
 
 
 
 
 
Item 9.01
Financial Statements and Exhibits

Exhibit Index

(99) Press release dated November 23, 2015, issued by South Jersey Industries, Inc.




Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 
 
 
 
 
 
 
 
 
 
SOUTH JERSEY INDUSTRIES, INC.
 
 
 
Date: November 23, 2015
 
/s/ Stephen H. Clark
 
 
Stephen H. Clark
 
 
Chief Financial Officer





FOR IMMEDIATE RELEASE – November 23, 2015                    
Telephone: 609-561-9000
Investor Relations Contact: Marissa Travaline x 4227
e-mail: mtravaline@sjindustries.com
Media Contact: Dan Lockwood x 4108
e-mail: dlockwood@sjindustries.com



South Jersey Industries Raises Dividend 5 Percent
  
Folsom, NJ - South Jersey Industries’ (NYSE:SJI) announced today that its board of directors voted to increase the company’s regular quarterly dividend from $0.25125 per share to $0.26375 per share. The new annualized dividend of $1.055 represents an increase of five percent per share over the previous level.
With this announcement, SJI has attained 17 consecutive years of increasing its dividend.
“We are confident that the continued performance and growth of our core businesses will support the dividend increase as well as provide the foundation to enable us to achieve our long term strategic objectives,” said SJI President and CEO Michael J. Renna.
“Specifically, infrastructure investments and customer growth in our utility, strong contributions from commodity marketing and new fuel supply contracts, as well as the anticipated benefits from the PennEast pipeline investment will each play a part in the growth, improved quality of earnings and anticipated success of reaching $150 million of Economic Earnings by 2020,” added Renna.
Factors that the SJI board of directors considers 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, 2015 to shareholders of record at the close of business December 10, 2015. This is SJI’s 64th consecutive year of paying dividends, reflecting the company’s commitment to a consistent, sustainable dividend.

ABOUT SOUTH JERSEY INDUSTRIES
South Jersey Industries (NYSE: SJI), an energy services holding company based in Folsom, NJ, operates its business through two primary subsidiaries. South Jersey Gas, one of the nation’s fastest growing natural gas utilities, delivers clean, efficient natural gas and promotes energy efficiency to approximately 370,000 customers in southern New Jersey. SJI’s non-regulated businesses, under South Jersey Energy Solutions, promote efficiency, clean technology and renewable energy by developing, owning and operating on-site energy production facilities – including Combined Heat and Power, Solar, and District Heating and Cooling projects; acquiring and marketing natural gas and electricity for retail customers; providing wholesale commodity marketing and fuel supply management services; and offering HVAC and other energy-efficiency related services. For more information about SJI and its subsidiaries, visit http://www.sjindustries.com.


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