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

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

Middlesex Water has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 52 years. Middlesex Water has a dividend payout ratio of 52.2% meaning its dividend is sufficiently covered by earnings.

Middlesex Water Stock Down 0.5%

MSEX stock opened at $56.31 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.39 and a quick ratio of 0.32. The firm’s fifty day simple moving average is $53.86 and its 200-day simple moving average is $53.11. Middlesex Water has a 12 month low of $44.17 and a 12 month high of $62.17. The company has a market capitalization of $1.05 billion, a P/E ratio of 23.46 and a beta of 0.78.

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. Middlesex Water had a return on equity of 9.08% and a net margin of 22.07%.The company had revenue of $48.71 million during the quarter, compared to the consensus estimate 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.