Middlesex Water Company Declares Dividend Increase
Middlesex Water Company (NASDAQ: MSEX) has recently made an exciting announcement regarding their dividend payments. The company's Board of Directors has approved a quarterly cash dividend of $0.34 per share on common stock. This represents a notable increase of 4.62% from the $0.325 dividend paid earlier this year.
Details of the Dividend Increase
This increase elevates the annual dividend rate to $1.36, up from $1.30 per share. Remarkably, this marks the 52nd consecutive year that Middlesex Water Company has announced an increase in dividends, showcasing their commitment to rewarding shareholders. The new dividend rate will be effective for payments made on December 2, 2024, to shareholders who are recorded as of November 15, 2024.
Company Background and Services Offered
Since its inception in 1897, Middlesex Water Company has been a fundamental provider of essential water services. The company serves a significant customer base, providing regulated and unregulated water and wastewater utility services primarily across New Jersey and Delaware. Its suite of services covers a wide range of needs, including residential, commercial, industrial, and fire protection.
Commitment to Quality and Community
Middlesex Water Company, along with its subsidiaries, is dedicated to delivering high-quality water services while supporting local communities. The company's strategy includes investing in staff and infrastructure, ensuring that they can provide reliable services while also contributing to the economic growth and overall quality of life in the regions they serve.
Investment and Financial Growth
The recent dividend increase not only emphasizes Middlesex Water Company's strong financial position but also illustrates their ongoing commitment to shareholder value. Investors and stakeholders can find additional information about the company's investment plans via the investor section of its website. This transparency helps to foster trust and confidence among shareholders, reflecting the company's operational integrity.
Contact Information
For further inquiries or details about Middlesex Water Company, you can reach out to:
Bernadette Sohler, Vice President – Corporate Affairs
Middlesex Water Company
(732) 638-7549
www.middlesexwater.com
Frequently Asked Questions
What is the new dividend rate for Middlesex Water Company?
The new quarterly dividend rate is $0.34 per share, which is a 4.62% increase from the previous rate.
How long has Middlesex Water Company been increasing its dividends?
Middlesex Water Company has increased its dividends for 52 consecutive years, demonstrating a long history of shareholder commitment.
When will the new dividend be payable?
The dividend will be payable on December 2, 2024, to shareholders recorded by November 15, 2024.
What services does Middlesex Water Company provide?
The company provides water and wastewater utility services, including residential, commercial, and fire protection needs, primarily in New Jersey and Delaware.
Where can I find more information about Middlesex Water Company?
For more details, you can visit the Investor section of the company's website or their online shareholder portal.
