Middlesex Water Company (MSEX) To Go Ex-Dividend on August 17th

Middlesex Water Company (NASDAQ:MSEX) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Monday, August 17th will be given a dividend of 0.36 per share by the utilities provider on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, August 17th.

Middlesex Water has increased its dividend by an average of 0.1%per year 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 0.2%

Shares of MSEX stock opened at $56.19 on Friday. The stock has a 50 day moving average of $53.98 and a 200 day moving average of $53.13. The company has a current ratio of 0.39, a quick ratio of 0.32 and a debt-to-equity ratio of 0.74. The stock has a market cap of $1.05 billion, a P/E ratio of 23.41 and a beta of 0.78. Middlesex Water has a twelve month low of $44.17 and a twelve month high of $62.17.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MSEX. Parallel Advisors LLC lifted its stake in Middlesex Water by 68.6% in the 1st quarter. Parallel Advisors LLC now owns 521 shares of the utilities provider’s stock valued at $27,000 after buying an additional 212 shares in the last quarter. Western Wealth Management LLC acquired a new stake in Middlesex Water in the 1st quarter worth about $33,000. Versant Capital Management Inc increased its stake in Middlesex Water by 328.9% during the 2nd quarter. Versant Capital Management Inc now owns 682 shares of the utilities provider’s stock worth $38,000 after buying an additional 523 shares in the last quarter. KBC Group NV purchased a new stake in Middlesex Water during the 1st quarter worth approximately $45,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of Middlesex Water during the first quarter valued at approximately $114,000. Institutional investors and hedge funds own 79.52% of the company’s stock.

About Middlesex Water

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.