Middlesex Water Company (MSEX) to Issue Quarterly Dividend of $0.36 on March 2nd

Middlesex Water Company (NASDAQ:MSEX) declared a quarterly dividend on Tuesday, January 27th. Stockholders 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) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, February 17th.

Middlesex Water has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 52 years. Middlesex Water has a dividend payout ratio of 52.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of NASDAQ MSEX opened at $55.39 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.73. The firm’s 50-day moving average price is $52.19 and its two-hundred day moving average price is $53.22. Middlesex Water has a 52-week low of $44.17 and a 52-week high of $67.09. The stock has a market capitalization of $1.02 billion, a P/E ratio of 23.18, a P/E/G ratio of 3.59 and a beta of 0.89.

Institutional Trading of Middlesex Water

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its holdings in shares of Middlesex Water by 483.5% in the third quarter. Versant Capital Management Inc now owns 566 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 469 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Middlesex Water by 137.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 635 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 368 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Middlesex Water by 35.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 645 shares of the utilities provider’s stock worth $35,000 after buying an additional 170 shares in the last quarter. CWM LLC raised its stake in shares of Middlesex Water by 31.6% in the 2nd quarter. CWM LLC now owns 1,742 shares of the utilities provider’s stock worth $94,000 after buying an additional 418 shares in the last quarter. Finally, Ensign Peak Advisors Inc acquired a new stake in shares of Middlesex Water in the fourth quarter valued at $126,000. 79.52% of the stock is currently owned by institutional investors.

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.