Middlesex Water Company Declares Quarterly Cash Dividend

Rhea-AI Summary

Middlesex Water Company (NASDAQ:MSEX) has declared a cash dividend of $0.3125 per share, payable on March 1, 2023, to shareholders of record as of February 14, 2023. This marks a continuation of the company’s commitment to returning value to shareholders, having consistently paid dividends since 1912. The company provides regulated and unregulated water and wastewater utility services primarily in New Jersey and Delaware, serving nearly 500,000 people through various subsidiaries. Middlesex Water aims to support economic growth and quality of life through investments in infrastructure and community services.

Positive

• Declared a cash dividend of $0.3125 per share, indicating strong shareholder returns.
• Has a long history of consistent dividend payments since 1912, showing financial stability.
• Serves a large customer base of nearly 500,000 people, reflecting significant market presence.

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• None.

ISELIN, N.J., Feb. 03, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced today that its Board of Directors has declared a cash dividend of $0.3125 per share on its common stock, payable March 1, 2023 to shareholders of record as of February 14, 2023. Middlesex Water Company has paid cash dividends in varying amounts continually since 1912.

Middlesex Water provides regulated and unregulated water and wastewater utility services primarily in New Jersey and Delaware through various subsidiary companies. To learn more about Middlesex Water, including information about its Investment Plan, visit the Investors section at www.middlesexwater.com.

ABOUT MIDDLESEX WATER COMPANY

Established in 1897, Middlesex Water Company 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. 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 https://www.middlesexwater.com.

This press release contains “forward‐looking statements” within the meaning of U.S. federal securities laws reflecting the current beliefs or expectations of Middlesex Water Company “MSEX” or the “Company” regarding its future performance, its financial condition, its strategic plans and cash flows, its results of operations as well as any other statements that do not directly relate to any historical or current facts. These statements reflect the Company’s current views and information currently available.  This information is based on estimates, assumptions and analysis that the Company believes, as of the date hereof, provide a reasonable basis for the information contained herein.  Forward‐looking statements can generally be identified by the use of forward‐looking words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” “foresees.” Actual results, performance or achievements may differ materially from forward‐looking statements, and the assumptions on which forward-looking statements are based.  There can be no assurance that the information contained herein is reflective of future performance, and investors are cautioned not to place undue reliance on forward‐looking statements as a predictor of future performance. Unless otherwise specified, all information contained in this press release speaks only as of the date hereof. The Company undertakes no duty to update or revise the information contained herein, whether as a result of new information, future events or otherwise.

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

FAQ

What is the upcoming dividend amount for Middlesex Water Company (MSEX)?

Middlesex Water Company has declared a cash dividend of $0.3125 per share.

When will the dividend for MSEX be paid?

The dividend will be paid on March 1, 2023.

What is the record date for MSEX's dividend?

The record date for the dividend is February 14, 2023.

How long has Middlesex Water Company been paying dividends?

Middlesex Water Company has paid dividends since 1912, showcasing a long history of returns to shareholders.