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.