Middlesex Water Company Declares Quarterly Dividend of $0.36 (NASDAQ:MSEX)

Middlesex Water Company (NASDAQ:MSEX) declared a quarterly dividend on Tuesday, January 27th. Shareholders of record on Tuesday, February 17th will be given a dividend of 0.36 per share by the utilities provider on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, February 17th.

Middlesex Water has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 52 years. Middlesex Water has a payout ratio of 52.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Middlesex Water to earn $2.42 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 59.5%.

Middlesex Water Trading Down 1.5%

NASDAQ:MSEX traded down $0.78 during mid-day trading on Wednesday, hitting $51.84. 25,593 shares of the stock traded hands, compared to its average volume of 97,955. The stock has a market capitalization of $950.75 million, a price-to-earnings ratio of 21.69, a PEG ratio of 3.40 and a beta of 0.87. The firm’s 50 day moving average is $51.76 and its two-hundred day moving average is $53.33. Middlesex Water has a 52 week low of $44.17 and a 52 week high of $67.09. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.73.

Middlesex Water (NASDAQ:MSEX) last released its earnings results on Friday, October 31st. The utilities provider reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.09). The business had revenue of $54.09 million during the quarter, compared to analysts’ expectations of $56.08 million. Middlesex Water had a return on equity of 9.38% and a net margin of 22.08%. On average, equities research analysts predict that Middlesex Water will post 2.34 earnings per share for the current year.

About Middlesex Water

Middlesex Water Company is a regulated utility specializing in the provision of potable water and wastewater collection services to residential, commercial and industrial customers. The company operates through its wholly owned subsidiaries, supplying treated water and effectively managing sewage collection systems under state and local regulatory frameworks. Its core mission centers on delivering safe, reliable water while complying with stringent environmental and public health standards.

Founded in 1897 and headquartered in Iselin, New Jersey, Middlesex Water has grown from a local water works enterprise into a multi?state utilities group.