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ISELIN, N.J. - Middlesex Water Company (NASDAQ:MSEX) announced today that its Board of Directors has declared a quarterly cash dividend of $0.34 per share on its common stock, representing a 2.5% annual yield. The dividend will be payable on September 2, 2025, to shareholders of record as of August 15, 2025. According to InvestingPro data, the company has maintained dividend payments for 55 consecutive years and raised them for 21 straight years.
Middlesex Water Company, established in 1897, provides water and wastewater utility services to more than half a million people across New Jersey and Delaware. The company operates as an investor-owned utility with a market capitalization of approximately $966 million. InvestingPro analysis indicates the stock is currently trading near its Fair Value, with revenue growth of 16% over the last twelve months.
The quarterly dividend announcement represents a regular distribution to the company’s shareholders. Middlesex Water has maintained its position as a provider of water and wastewater services for over a century.
This announcement was made in a company press release statement issued today.
In other recent news, Middlesex Water Company announced an at-the-market equity offering agreement to sell common stock shares worth up to $110 million. The company plans to use the proceeds to fund capital expenditures, maintain plant equipment, and for other general corporate purposes. Middlesex Water has entered this agreement with BofA Securities, Inc., Robert W. Baird & Co. Incorporated, and Janney Montgomery Scott LLC as sales agents. In another development, Middlesex Water has appointed Nadine Leslie as the new Chair of the Board, following Dennis W. Doll’s retirement after two decades with the company. Amy Mansue was named Lead Independent Director to enhance board independence and governance oversight. Additionally, BofA Securities has lowered its price target for Middlesex Water from $55.00 to $53.00 while maintaining an Underperform rating. The price target adjustment reflects a mark to market change for the group average 2027 multiple to 18.2x. These developments come amid ongoing changes and strategic moves within the company.
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