In 2008, there was a three for two split and NJR was about $42/share. I am in the dividend reinvestment plan since 1992, There was one split since I owned NJR.
I hope you recover. I shorted one 75 put and bought this thing. I was paid $500 for the put but so far, I am down. I thought it would go up so the put would be worthless. I was wrong.
You are correct. The dividend keep getting smaller in comparison to the earnings. NJR had the last 3 for 2 split over 5 years ago. What's the deal?