Middlesex Water Company (MSEX) To Go Ex-Dividend on May 15th

Middlesex Water Company (NASDAQ:MSEX) declared a quarterly dividend on Friday, April 24th. Investors of record on Friday, May 15th will be given a dividend of 0.36 per share by the utilities provider on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, May 15th.

Middlesex Water has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 52 consecutive years. Middlesex Water has a dividend payout ratio of 52.2% indicating that its dividend is sufficiently covered by earnings.

Middlesex Water Stock Performance

Shares of NASDAQ:MSEX traded down $0.29 during midday trading on Wednesday, reaching $51.65. The company had a trading volume of 34,163 shares, compared to its average volume of 140,684. The company’s 50 day moving average price is $52.51 and its 200 day moving average price is $52.70. Middlesex Water has a 52-week low of $44.17 and a 52-week high of $62.17. The stock has a market cap of $961.63 million, a P/E ratio of 21.47 and a beta of 0.78. The company has a current ratio of 0.39, a quick ratio of 0.32 and a debt-to-equity ratio of 0.74.

Middlesex Water (NASDAQ:MSEX) last announced its quarterly earnings data on Thursday, April 30th. The utilities provider reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. The company had revenue of $48.71 million during the quarter, compared to analyst estimates of $49.75 million. Middlesex Water had a return on equity of 9.08% and a net margin of 22.07%.

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.