South Jersey Industries announced that IIF’s acquisition of SJI is closing today. SJI also announced that its Board of Directors today declared a "stub period" dividend in an amount equal to $0.1499 per share of SJI common stock. The dividend amount reflects the most recent regular quarterly SJI common stock dividend rate of $0.3100 per share prorated for the 44 days from and including December 20, 2022, the day after the record date for the most recent regular quarterly SJI common stock dividend, and today. SJI’s last trading day on the NYSE was January 31, 2023. The "stub period" dividend is payable to the holders of record of SJI common stock as of the close of business on January 31, 2023 and is payable today, February 1, 2023. Shareholders as of today will also be entitled to receive merger consideration of $36.00 per share in cash.
Published first on TheFly
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Read More on SJI:
- Infrastructure Investments Fund Completes Acquisition of South Jersey Industries, Inc.
- Northern Oil and Gas to replace South Jersey Industries in S&P 600 at open 2/2
- NJ BPU okays IIF’s acquisition of SJI, SJI will cease to be listed on Feb. 1
- New Jersey Board of Public Utilities Approves Proposed Acquisition of South Jersey Industries by Infrastructure Investments Fund
- South Jersey Industries downgraded to Neutral from Buy at Janney Montgomery Scott
