Middlesex Water Company Declares Quarterly Cash Dividend
July 25 2019 - 01:09PM
Middlesex Water Company (NASDAQ:MSEX) announced today that its
Board of Directors has declared a cash dividend of $0.24 per share
on its common stock payable on September 3, 2019 to holders of
record as of August 15, 2019. Middlesex Water has paid cash
dividends in varying amounts continually since 1912 and has
increased its annual dividend rate for 46 consecutive years.
Middlesex Water currently has a 5% Discount in effect on its
Common Stock for participants in the Company’s Investment Plan on
purchases made by optional cash payment or dividend reinvestment.
The Discount, which commenced January 2, 2019, is anticipated to
continue until 200,000 shares are purchased at the discounted price
or December 30, 2019, whichever occurs first.
Organized in 1897, Middlesex Water provides regulated and
unregulated water and wastewater utility services in New Jersey,
Delaware and Pennsylvania through various subsidiary
companies.
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 AffairsMiddlesex Water Company
(732) 638-7549 www.middlesexwater.com
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