Middlesex Water Company Increases Dividend 6.29 Percent
October 26 2016 - 12:31PM
Middlesex Water Company (Nasdaq:MSEX) announced today that its
Board of Directors declared a dividend of $0.21125 per share on its
common stock, a 6.29 percent increase from the $0.19875 per share
dividend in the third quarter of 2016. This increase raises
the annual dividend to $0.845 from $0.795 per share of common
stock. The dividend is payable on December 1, 2016 to shareholders
of record as of November 10, 2016. Middlesex Water has paid
cash dividends in varying amounts continually since 1912.
“This declaration represents the 44th consecutive year we have
raised the dividend,” said Chairman, President and Chief Executive
Officer Dennis W. Doll. “We’re pleased to share continued
success with our shareholders. This action demonstrates our ongoing
commitment to deliver improving shareholder value.”
About Middlesex Water Company
Organized in 1897, Middlesex Water provides regulated and
unregulated water and wastewater utility services in New Jersey,
Delaware and Pennsylvania through various subsidiary
companies. To learn more about Middlesex Water, including
information about its Direct Share Purchase and Sale and Dividend
Reinvestment Plan, visit the Investor Relations section
at www.middlesexwater.com or call (732) 638-7549.
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including, among others, our long-term strategy and expectations,
the status of our acquisition program, the impact of our
acquisitions, the impact of current and projected rate requests and
the impact of our capital program on our environmental compliance.
There are important factors that could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements including: general economic business
conditions, unfavorable weather conditions, the success of certain
cost containment initiatives, changes in regulations or regulatory
treatment, availability and the cost of capital, the success of
growth initiatives and other factors discussed in our filings with
the Securities and Exchange Commission.
Contact:
Bernadette Sohler, Vice President - Corporate Affairs
Middlesex Water Company
1500 Ronson Road
Iselin, NJ 08830
(732)638-7549
www.middlesexwater.com
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