Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers, as well as provides regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. The company was incorporated in 1896 and is headquartered in Iselin, New Jersey.
Middlesex Water Dividend Announcement
• Middlesex Water announced a quarterly dividend of $0.34 per ordinary share which will be made payable on 2024-12-02. Ex dividend date: 2024-11-15
• Middlesex Water annual dividend for 2024 was $1.31
• Middlesex Water annual dividend for 2023 was $1.26
• Middlesex Water's trailing twelve-month (TTM) dividend yield is 2.02%
• Middlesex Water's payout ratio for the trailing twelve months (TTM) is 56.15%
• Middlesex Water's dividend growth over the last five years (2018-2023) was 6.75% year
• Middlesex Water's dividend growth over the last ten years (2013-2023) was 5.31% year
Middlesex Water Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-15 | $0.34 | quarterly | 2024-12-02 |
2024-08-15 | $0.33 | quarterly | 2024-09-03 |
2024-05-14 | $0.33 | quarterly | 2024-06-03 |
2024-02-14 | $0.33 | quarterly | 2024-03-01 |
2023-11-15 | $0.33 | quarterly | 2023-12-01 |
2023-08-10 | $0.31 | quarterly | 2023-09-01 |
2023-05-11 | $0.31 | quarterly | 2023-06-01 |
2023-02-13 | $0.31 | quarterly | 2023-03-01 |
2022-11-15 | $0.31 | quarterly | 2022-12-01 |
2022-08-11 | $0.29 | quarterly | 2022-09-01 |
2022-05-12 | $0.29 | quarterly | 2022-06-01 |
2022-02-11 | $0.29 | quarterly | 2022-03-01 |
2021-11-10 | $0.29 | quarterly | 2021-12-01 |
2021-08-12 | $0.27 | quarterly | 2021-09-01 |
2021-05-13 | $0.27 | quarterly | 2021-06-01 |
2021-02-11 | $0.27 | quarterly | 2021-03-01 |
2020-11-12 | $0.27 | quarterly | 2020-12-01 |
2020-08-13 | $0.26 | quarterly | 2020-09-01 |
2020-05-14 | $0.26 | quarterly | 2020-06-01 |
2020-02-13 | $0.26 | quarterly | 2020-03-02 |
2019-11-14 | $0.26 | quarterly | 2019-12-02 |
2019-08-14 | $0.24 | quarterly | 2019-09-03 |
2019-05-14 | $0.24 | quarterly | 2019-06-03 |
2019-02-14 | $0.24 | quarterly | 2019-03-01 |
2018-11-14 | $0.24 | quarterly | 2018-12-03 |
2018-08-14 | $0.22 | quarterly | 2018-09-04 |
2018-05-14 | $0.22 | quarterly | 2018-06-01 |
2018-02-14 | $0.22 | quarterly | 2018-03-01 |
2017-11-08 | $0.22 | quarterly | 2017-12-01 |
2017-08-09 | $0.21 | quarterly | 2017-09-01 |
2017-05-10 | $0.21 | quarterly | 2017-06-01 |
2017-02-09 | $0.21 | quarterly | 2017-03-01 |
2016-11-08 | $0.21 | quarterly | 2016-12-01 |
2016-08-10 | $0.20 | quarterly | 2016-09-01 |
2016-05-11 | $0.20 | quarterly | 2016-06-01 |
2016-02-10 | $0.20 | quarterly | 2016-03-01 |
2015-11-09 | $0.20 | quarterly | 2015-12-01 |
2015-08-12 | $0.19 | quarterly | 2015-09-01 |
2015-05-13 | $0.19 | quarterly | 2015-06-01 |
2015-02-11 | $0.19 | quarterly | 2015-03-02 |
2014-11-12 | $0.19 | quarterly | 2014-12-01 |
2014-08-13 | $0.19 | quarterly | 2014-09-02 |
2014-05-13 | $0.19 | quarterly | 2014-06-02 |
2014-02-12 | $0.19 | quarterly | 2014-03-03 |
2013-11-13 | $0.19 | quarterly | 2013-12-02 |
2013-08-13 | $0.19 | quarterly | 2013-09-03 |
2013-05-13 | $0.19 | quarterly | 2013-06-03 |
2013-02-13 | $0.19 | quarterly | 2013-03-01 |
Middlesex Water Dividend per year
Middlesex Water Dividend growth
Middlesex Water Dividend Yield
Middlesex Water current trailing twelve-month (TTM) dividend yield is 2.02%. Interested in purchasing Middlesex Water stock? Use our calculator to estimate your expected dividend yield:
Middlesex Water Financial Ratios
Middlesex Water Dividend FAQ
Other factors to consider when evaluating Middlesex Water as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Middlesex Water's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Middlesex Water publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Middlesex Water distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Middlesex Water are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Middlesex Water sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Middlesex Water distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Middlesex Water declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Middlesex Water's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Middlesex Water's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.