Middlesex Water Company (MSEX) To Go Ex-Dividend on August 17th

Middlesex Water Company (NASDAQ:MSEX – Get Free Report) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Monday, August 17th will be paid a dividend of 0.36 per share by the utilities provider on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 17th.

Middlesex Water has increased its dividend by an average of 0.1%per year over the last three years and has increased 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.

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Middlesex Water Trading Down 0.2%

Shares of Middlesex Water stock opened at $58.73 on Friday. Middlesex Water has a 12-month low of $44.17 and a 12-month high of $62.17. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 0.76. The stock has a market cap of $1.11 billion, a PE ratio of 22.68 and a beta of 0.75. The company has a 50-day moving average of $55.63 and a two-hundred day moving average of $53.64.

Middlesex Water (NASDAQ:MSEX – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.13. The company had revenue of $56.36 million during the quarter, compared to the consensus estimate of $54.51 million. Middlesex Water had a net margin of 23.26% and a return on equity of 9.59%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MSEX. Weiss Ratings raised Middlesex Water from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Robert W. Baird set a $66.00 price objective on shares of Middlesex Water in a research report on Friday, July 31st. Wall Street Zen upgraded shares of Middlesex Water from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, New Street Research set a $64.00 price objective on shares of Middlesex Water in a research note on Thursday, July 9th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Middlesex Water has a consensus rating of “Moderate Buy” and an average target price of $61.67.

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Middlesex Water Company Profile

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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.

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