Middlesex Water Company Declares Quarterly Cash Dividend

Rhea-AI Summary

Middlesex Water Company (NASDAQ:MSEX) has declared a cash dividend of $0.25625 per share, payable on September 1, 2020, to shareholders on record as of August 14, 2020. With a strong history of dividend payments, the company has increased its annual dividend for 47 consecutive years. Established in 1897, Middlesex Water provides essential water and wastewater services to nearly half a million residents in New Jersey and Delaware, showcasing its commitment to reliable utility services and community support.

Positive

• Declared a cash dividend of $0.25625 per share, reflecting strong financial health.
• Maintained a history of dividend increases for 47 consecutive years, indicating investor confidence.
• Serves nearly half a million residents, showcasing extensive market presence and stability.

Negative

• None.

ISELIN, N.J., July 24, 2020 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX)  has announced that its Board of Directors has declared a cash dividend of $0.25625 per share on its common stock payable on September 1, 2020 to holders of record as of August 14, 2020. Middlesex Water has paid cash dividends in varying amounts continually since 1912 and has increased its annual dividend rate for 47 consecutive years. To learn more about Middlesex Water, including its Investment Plan (Direct Share Purchase and Sale and Dividend Reinvestment Plan) visit the Investors section at www.middlesexwater.com.

About Middlesex Water Company
Established in 1897, Middlesex Water Company (NASDAQ:MSEX) serves as a trusted provider offering life-sustaining high quality water service for residential, commercial, industrial and fire protection purposes. The Company offers a full range of water, wastewater utility and related services. An investor-owned public utility, Middlesex Water is a professional services provider specializing in municipal and industrial contract operations and water and wastewater system technical operations and maintenance. The company and its subsidiaries form the Middlesex Water family of companies, which collectively serve a population of nearly half a million people in New Jersey and Delaware.  Named a 2020 Top Workplace in New Jersey, Middlesex is focused on meeting the needs of our employees, customers, and shareholders.  We invest in our people, our infrastructure and the communities we serve to support reliable and resilient utility services, economic growth and quality of life.  To learn more about Middlesex Water, visit www.middlesexwater.com   Please follow us on Facebook, Twitter and LinkedIn

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, our long-term strategy and expectations, the status of our acquisition program, the impact of our acquisitions, the impact of current and projected rate requests and the impact of our capital program on our environmental compliance. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: general economic business conditions, unfavorable weather conditions, the success of certain cost containment initiatives, changes in regulations or regulatory treatment, availability and the cost of capital, the success of growth initiatives and other factors discussed in our filings with the Securities and Exchange Commission.

Contact:
Bernadette Sohler, Vice President – Corporate Affairs
Middlesex Water Company
(732) 638-7549
www.middlesexwater.com

 

FAQ

What is the dividend amount declared by Middlesex Water Company (MSEX) in 2020?

Middlesex Water Company (MSEX) declared a cash dividend of $0.25625 per share.

When is the dividend payable to shareholders for MSEX?

The dividend is payable on September 1, 2020.

What is the record date for the MSEX dividend?

The record date for the dividend is August 14, 2020.

How long has Middlesex Water Company been increasing its dividend?

Middlesex Water has increased its annual dividend for 47 consecutive years.

What services does Middlesex Water Company provide?

Middlesex Water Company provides water and wastewater utility services for residential, commercial, and industrial purposes.