Middlesex Water Company Increases Quarterly Dividend
October 23 2019 - 4:05PM
Middlesex Water Company (Nasdaq:MSEX) announced today that its
Board of Directors has declared a cash dividend of $0.25625 per
share on its common stock, a 6.7% increase from the $0.24 per share
dividend declared in July of 2019. This increase raises the
annual dividend rate to $1.025 from $0.96 per share of common
stock. The declared dividend is payable on December 2, 2019 to
shareholders of record as of November 15, 2019. Middlesex
Water Company has paid cash dividends in varying amounts
continually since 1912.
“The increase in the dividend reflects our continued confidence
in Middlesex Water’s ability to return value for our shareholders,”
said Chairman, President and Chief Executive Officer Dennis W.
Doll.
Middlesex Water has paid cash dividends in varying amounts
continually since 1912 and has increased its annual dividend rate
for 47 consecutive years.
About Middlesex Water CompanyOrganized in 1897,
Middlesex Water provides regulated and unregulated water and
wastewater utility services primarily in New Jersey and Delaware
through various subsidiary companies. To learn more about Middlesex
Water, visit the Company’s website
at www.middlesexwater.com.
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)
638-7549www.middlesexwater.com
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