Middlesex Water Company Announces Dividend Increase of 5.9%
October 25 2017 - 2:41PM
Utility Marks 45th Consecutive Year of
Dividend Increases
Middlesex Water Company (Nasdaq:MSEX) announced today that its
Board of Directors has declared a cash dividend of $0.22375 per
share on its common stock, a 5.9% increase from the $0.21125 per
share dividend in the third quarter of 2017. This increase
raises the annual dividend rate to $0.895 from $0.845 per share of
common stock. The declared dividend is payable on December 1, 2017
to shareholders of record as of November 9, 2017. Middlesex
Water Company has paid cash dividends in varying amounts
continually since 1912.
“The Company’s management and Board work on an ongoing basis to
balance the needs of our shareholders, customers and employees and
we continue to appreciate the loyalty of our investors,” said
Chairman, President and Chief Executive Officer Dennis W.
Doll. “We are pleased to be able to share the Company’s
continued success with our shareholders as we keep a sharp focus on
improving shareholder value while delivering quality service to our
customers.”
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 Company1500 Ronson RoadIselin, New
Jersey 08830(732) 638-7549www.middlesexwater.com
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