Middlesex Water Company Increases Common Dividend by 4.0%
October 20 2023 - 4:17PM
Middlesex Water Company (NASDAQ:MSEX) announced today that its
Board of Directors has declared a cash dividend of $0.325 per share
on its common stock, an increase of 4.0% from the $0.3125 per share
dividend last declared in July 2023. This increase raises the
annual dividend rate to $1.30 from $1.25 per share of common stock
and marks Middlesex’s 51st consecutive year of dividend increases.
The dividend at the new rate is payable December 1, 2023 to
shareholders of record as of November 16, 2023. Middlesex Water
Company has paid cash dividends in varying amounts continually
since 1912.
Organized in 1897, 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 Middlesex Water
Company.
Middlesex Water is currently offering a 3% discount on all
Common Stock purchases made under its Investment Plan whether by
optional cash payment or by dividend reinvestment. The discount
will continue until 200,000 shares are purchased at the discounted
price or December 1, 2023, whichever event occurs first. To learn
more visit https://shareholder.broadridge.com/middlesexwater.
About Middlesex Water CompanyEstablished in
1897, Middlesex Water Company (NASDAQ:MSEX) serves as a trusted
provider of life-sustaining high quality water service for
residential, commercial, industrial and fire protection purposes.
The Company and its subsidiaries form the Middlesex family of
companies, which collectively serve a population of nearly half a
million people in New Jersey and Delaware. We offer a full range of
water, wastewater utility and related services including municipal
and industrial contract operations and water and wastewater system
technical operations and maintenance. We are focused on
meeting and balancing 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 AffairsMiddlesex Water Company (732)
638-7549www.middlesexwater.com
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