Middlesex Water Company to Issue Quarterly Dividend of $0.36 (NASDAQ:MSEX)

Middlesex Water Company (NASDAQ:MSEX) declared a quarterly dividend on Friday, April 24th. Shareholders of record on Friday, May 15th will be given a dividend of 0.36 per share by the utilities provider on Monday, June 1st. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, May 15th.

Middlesex Water has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 52 consecutive years. Middlesex Water has a payout ratio of 52.2% indicating that its dividend is sufficiently covered by earnings.

Middlesex Water Stock Down 0.1%

Shares of NASDAQ MSEX traded down $0.06 during mid-day trading on Wednesday, hitting $51.88. The company had a trading volume of 4,737 shares, compared to its average volume of 140,431. The business’s 50-day simple moving average is $52.51 and its 200 day simple moving average is $52.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.39 and a quick ratio of 0.32. Middlesex Water has a 1-year low of $44.17 and a 1-year high of $62.17. The company has a market capitalization of $965.91 million, a PE ratio of 21.61 and a beta of 0.78.

Middlesex Water (NASDAQ:MSEX) last issued its earnings results on Thursday, April 30th. The utilities provider reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. Middlesex Water had a net margin of 22.07% and a return on equity of 9.08%. The firm had revenue of $48.71 million for the quarter, compared to analysts’ expectations of $49.75 million.

Middlesex Water Company Profile

Middlesex Water Company is a regulated utility specializing in the provision of potable water and wastewater collection services to residential, commercial and industrial customers. The company operates through its wholly owned subsidiaries, supplying treated water and effectively managing sewage collection systems under state and local regulatory frameworks. Its core mission centers on delivering safe, reliable water while complying with stringent environmental and public health standards.

Founded in 1897 and headquartered in Iselin, New Jersey, Middlesex Water has grown from a local water works enterprise into a multi‐state utilities group.