STOCK TITAN

Middlesex Water Company Increases Common Dividend by 4.62%

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends

Middlesex Water Company (NASDAQ: MSEX) has announced a 4.62% increase in its quarterly cash dividend to $0.34 per share from $0.325, raising the annual dividend rate to $1.36 from $1.30. This marks the company's 52nd consecutive year of dividend increases. The dividend is payable on December 2, 2024, to shareholders of record as of November 15, 2024. The company, which provides regulated and unregulated water and wastewater utility services in New Jersey and Delaware, has maintained continuous dividend payments since 1912.

Middlesex Water Company (NASDAQ: MSEX) ha annunciato un aumento del 4,62% del suo dividendo trimestrale in contante a $0,34 per azione da $0,325, incrementando così il tasso di dividendo annuale a $1,36 da $1,30. Questo segna il 52° anno consecutivo di aumenti dei dividendi per l'azienda. Il dividendo sarà erogato il 2 dicembre 2024 agli azionisti registrati al 15 novembre 2024. L'azienda, che fornisce servizi di utilità idrica e fognaria regolamentati e non regolamentati nel New Jersey e nel Delaware, ha mantenuto pagamenti di dividendi continui dal 1912.

Middlesex Water Company (NASDAQ: MSEX) ha anunciado un aumento del 4,62% en su dividendo en efectivo trimestral a $0,34 por acción desde $0,325, elevando la tasa de dividendo anual a $1,36 desde $1,30. Esto marca el 52º año consecutivo de aumentos del dividendo de la compañía. El dividendo se pagará el 2 de diciembre de 2024 a los accionistas registrados al 15 de noviembre de 2024. La compañía, que proporciona servicios regulados y no regulados de agua y aguas residuales en Nueva Jersey y Delaware, ha mantenido pagos de dividendos continuos desde 1912.

미들섹스 워터 컴퍼리 (NASDAQ: MSEX)는 분기 현금 배당금을 주당 $0.34로 $0.325에서 4.62% 인상하고, 연간 배당금 비율을 $1.36에서 $1.30으로 높였다고 발표했습니다. 이는 회사의 52번째 연속 배당 증가를 의미합니다. 배당금은 2024년 12월 2일에 2024년 11월 15일 기준 주주에게 지급됩니다. 뉴저지와 델라웨어에서 규제 및 비규제 수돗물과 하수도 유틸리티 서비스를 제공하는 이 회사는 1912년부터 지속적으로 배당금을 지급해왔습니다.

Middlesex Water Company (NASDAQ: MSEX) a annoncé une augmentation de 4,62 % de son dividende trimestriel en espèces à 0,34 $ par action contre 0,325 $, portant ainsi le taux de dividende annuel à 1,36 $ contre 1,30 $. Cela marque la 52ème année consécutive d'augmentations de dividendes pour la société. Le dividende sera payable le 2 décembre 2024 aux actionnaires enregistrés au 15 novembre 2024. L'entreprise, qui fournit des services d'utilité publique d'eau et d'eaux usées réglementés et non réglementés dans le New Jersey et le Delaware, a effectué des paiements de dividendes continus depuis 1912.

Middlesex Water Company (NASDAQ: MSEX) hat eine Erhöhung der vierteljährlichen Bardividende um 4,62 % auf 0,34 $ pro Aktie von 0,325 $ angekündigt, wodurch sich die jährliche Dividendenrate auf 1,36 $ von 1,30 $ erhöht. Dies markiert das 52. aufeinanderfolgende Jahr der Dividendensteigerungen des Unternehmens. Die Dividende ist am 2. Dezember 2024 an die zum 15. November 2024 registrierten Aktionäre zahlbar. Das Unternehmen bietet regulierte und unregulierte Wasser- und Abwasseranlagen in New Jersey und Delaware an und hat seit 1912 kontinuierliche Dividendenzahlungen aufrechterhalten.

Positive
  • 52-year track record of consecutive dividend increases
  • 4.62% increase in quarterly dividend to $0.34 per share
  • Long-standing history of dividend payments since 1912
Negative
  • None.

52 Years of Consecutive Dividend Increases

ISELIN, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) announced today that its Board of Directors has declared a quarterly cash dividend of $0.34 per share on its common stock, a 4.62% increase from the $0.325 per share dividend last declared in July 2024. This increase raises the annual dividend rate to $1.36 from $1.30 per share of common stock and marks Middlesex’s 52nd consecutive year of dividend increases. The dividend at the new rate is payable December 2, 2024, to shareholders of record as of November 15, 2024. Middlesex Water Company has paid cash dividends in varying amounts continually since 1912.

Middlesex Water Company provides regulated and unregulated water and wastewater utility services primarily in New Jersey and Delaware through various subsidiary companies. Information about Middlesex Water, including information about its Investment Plan, is available on the Investors section of the Company’s website and its shareholder portal.

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. The company and its subsidiaries form the Middlesex Water family of companies, which collectively serve a population of 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.

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


FAQ

What is Middlesex Water's new quarterly dividend amount for 2024?

Middlesex Water Company (MSEX) has increased its quarterly dividend to $0.34 per share, effective December 2024.

When will MSEX pay its next dividend in 2024?

The next dividend payment is scheduled for December 2, 2024, for shareholders of record as of November 15, 2024.

How many consecutive years has MSEX increased its dividend?

Middlesex Water Company has increased its dividend for 52 consecutive years, maintaining continuous dividend payments since 1912.

What is MSEX's new annual dividend rate for 2024?

The new annual dividend rate is $1.36 per share, increased from the previous rate of $1.30 per share.

Middlesex Water Co

NASDAQ:MSEX

MSEX Rankings

MSEX Latest News

MSEX Stock Data

1.17B
17.53M
1.65%
80.03%
4.42%
Utilities - Regulated Water
Water Supply
Link
United States of America
ISELIN