0000091928-12-000059.txt : 20121119 0000091928-12-000059.hdr.sgml : 20121119 20121119123543 ACCESSION NUMBER: 0000091928-12-000059 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20121119 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20121119 DATE AS OF CHANGE: 20121119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTH JERSEY INDUSTRIES INC CENTRAL INDEX KEY: 0000091928 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 221901645 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06364 FILM NUMBER: 121213803 BUSINESS ADDRESS: STREET 1: 1 SOUTH JERSEY PLAZA STREET 2: ROUTE 54 CITY: FOLSOM STATE: NJ ZIP: 08037 BUSINESS PHONE: 609-561-9000 MAIL ADDRESS: STREET 1: 1 SOUTH JERSEY PLAZA STREET 2: ROUTE 54 CITY: FOLSOM STATE: NJ ZIP: 08037 FORMER COMPANY: FORMER CONFORMED NAME: SOUTH JERSEY GAS CO DATE OF NAME CHANGE: 19700507 FORMER COMPANY: FORMER CONFORMED NAME: ATLANTIC CITY GAS CO DATE OF NAME CHANGE: 19680301 8-K 1 sjiq32012form8k.htm 8-K SJI Q32012 Form 8K


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 19, 2012
(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 19, 2012 South Jersey Industries (SJI) declared a quarterly dividend of $0.4425 per share. The dividend is payable December 28, 2012 to shareholders of record at the close of business December 10, 2012.  A copy of the press release of November 19, 2012 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 19, 2012, issued by South Jersey Industries.


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 19, 2012
/s/ David A. Kindlick
 
 
David A. Kindlick
 
 
Vice President & Chief Financial Officer
 


EX-99 2 q42012sjidividenddeclarati.htm EXHIBIT Q42012SJIDividendDeclaration








FOR IMMEDIATE RELEASE                    
Telephone: 609-561-9000
IR: Stephen Clark x4260
e-mail: sclark@sjindustries.com
Media Contact: Joanne Brigandi x 4240
e-mail: jbrigandi@sjindustries.com

November 19, 2012


South Jersey Industries Raises Dividend 10 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 $0.4025 to $0.4425 per share. The increase equates to an annualized dividend of $1.77, a $0.16 per share increase over the previous level. This marks the 14th year in a row that SJI has increased its dividend.

“Strong execution and performance across SJI’s businesses in 2012, combined with the myriad growth opportunities in both non-utility energy projects and our utility capital investment programs, supports this dividend increase,” stated Edward J. Graham, SJI chairman, president and CEO. “Over the past seven years, SJI’s board has approved dividend increases averaging over 10 percent, well above the base targeted level cited in its dividend policy of 6 percent to 7 percent per year, consistent with the company’s financial performance,” continued Graham. Economic earnings have grown by over 90 percent since the end of 2005. During that time, SJI has raised its annual dividend by an equivalent amount, for a total increase of $0.87 per share.
Factors that the board 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. SJI recognizes that dividends are an important income source for many of our shareholders, and remains committed to providing a secure, growing dividend.

The dividend is payable December 28, 2012 to shareholders of record at the close of business December 10, 2012. SJI has paid dividends for 61 consecutive years.









Forward-Looking Statement
This news release contains forward-looking statements. All statements other than statements of historical fact included in this press release should be considered forward-looking statements made in good faith by the Company and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. When used in this press release words such as “anticipate”, “believe”, “expect”, “estimate”, “forecast”, “goal”, “intend”, “objective”, “plan”, “project”, “seek”, “strategy” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the statements. These risks and uncertainties include, but are not limited to, the following: general economic conditions on an international, national, state and local level; weather conditions in our marketing areas; changes in commodity costs; the timing of new projects coming online; changes in the availability of natural gas; “non-routine” or “extraordinary” disruptions in our distribution system; regulatory, legislative and court decisions; competition; the availability and cost of capital; costs and effects of legal proceedings and environmental liabilities; the failure of customers, suppliers or business partners to fulfill their contractual obligations; and changes in business strategies. SJI assumes no duty to update these statements should actual events differ from expectations.

About South Jersey Industries
South Jersey Industries (NYSE: SJI), a member of the MSCI Global Climate Index, offers solutions to climate change and helps customers control energy costs. South Jersey Gas, one of the nation’s fastest growing natural gas utilities, delivers clean, efficient natural gas and promotes energy efficiency to customers in southern New Jersey. SJI’s non-regulated businesses, under South Jersey Energy Solutions, promote efficiency, clean technology and renewable energy by developing and operating on-site energy production facilities; acquiring and marketing natural gas and electricity for retail customers; providing wholesale commodity marketing and risk management services; and offering HVAC and other energy-efficiency related services. For more information about SJI and its subsidiaries, visit http://www.sjindustries.com. Find us on facebook at facebook.com/southjerseyindustries and on twitter @sjindustries.


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