Middlesex Water Company announces a quarterly dividend increase to $0.36 per share, continuing 53 years of annual raises.
Quiver AI Summary
Middlesex Water Company has announced a quarterly cash dividend of $0.36 per share, representing a 5.88% increase from the previous dividend of $0.34, marking the company's 53rd consecutive year of dividend increases. This rise elevates the annual dividend rate to $1.44 per share, with the new dividend set to be paid on December 1, 2025, to shareholders recorded by November 17, 2025. Middlesex Water, a key player in the water and wastewater utility sector since its establishment in 1897, provides essential services to over half a million customers in New Jersey and Delaware, emphasizing operational excellence and sustainable growth.
Potential Positives
- Middlesex Water Company has announced a quarterly cash dividend increase to $0.36 per share, reflecting a 5.88% growth from the previous dividend.
- This marks the 53rd consecutive year of dividend increases, demonstrating the company's commitment to returning value to its shareholders.
- The consistent payment of dividends since 1912 underscores Middlesex Water Company's long-standing stability and reliability in the utility sector.
- The increase in the annual dividend rate to $1.44 signifies ongoing financial growth and positive outlook for the company.
Potential Negatives
- None
FAQ
What is the latest dividend declared by Middlesex Water Company?
Middlesex Water Company has declared a quarterly cash dividend of $0.36 per share, a 5.88% increase.
When is the new dividend payable?
The new dividend is payable on December 1, 2025, to shareholders of record as of November 17, 2025.
How long has Middlesex Water Company been increasing dividends?
This marks Middlesex Water Company’s 53rd consecutive year of dividend increases.
What is the annual dividend rate after the increase?
The annual dividend rate has increased to $1.44 from $1.36 per share of common stock.
When was Middlesex Water Company established?
Middlesex Water Company was established in 1897 and has been providing services ever since.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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$MSEX insiders have traded $MSEX stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $MSEX stock by insiders over the last 6 months:
- WALTER G REINHARD sold 702 shares for an estimated $40,273
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$MSEX Hedge Fund Activity
We have seen 111 institutional investors add shares of $MSEX stock to their portfolio, and 81 decrease their positions in their most recent quarter.
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$MSEX Analyst Ratings
Wall Street analysts have issued reports on $MSEX in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Janney Montgomery Scott issued a "Buy" rating on 05/12/2025
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Full Release
ISELIN, N.J., Oct. 24, 2025 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) announced today that its Board of Directors has declared a quarterly cash dividend of $0.36 per share on its common stock, a 5.88% increase from the $0.34 per share dividend last declared in July 2025. This increase raises the annual dividend rate to $1.44 from $1.36 per share of common stock and marks Middlesex Water Company’s (“Middlesex”) 53rd consecutive year of dividend increases. The dividend at the new rate is payable December 1, 2025 to shareholders of record as of November 17, 2025. Middlesex has paid cash dividends in varying amounts continually since 1912.
About Middlesex Water Company
Middlesex Water Company (“Middlesex”) is one of the nation’s premier investor-owned water and wastewater utilities. Established in 1897, Middlesex is a trusted provider of life-sustaining services to more than half a million people in New Jersey and Delaware. The company focuses on employee engagement, operational excellence, superior customer experience, investment in infrastructure, and selective and sustainable growth to deliver value to our customers, investors, and the communities we serve.
Media Contact:
Brian Hague
Vice President, Communications and Corporate Affairs
(732) 638-7584
[email protected]
Investor Contact:
Jennifer Ketschke
Director, Treasury and Investor Relations
(732) 638-7523
[email protected]
