Middlesex Water (MSEX) delivered earnings and revenue surprises of -34.21% and 3.21%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
ISELIN, N.J., July 29, 2022 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) a provider of water and wastewater services, today reported second quarter financial results. Second Quarter 2022 ResultsQuarterly consolidated operating revenues increased $3.0 million to $39.7 million compared to the same period in 2021. Revenues in our Middlesex System in New Jersey increased $4.4 million primarily due to the January 1, 2022 New Jersey Board of Public Utilities
ISELIN, N.J., July 22, 2022 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced that its Board of Directors has declared a cash dividend of $0.29 per share on its common stock payable on September 1, 2022 to holders of record as of August 12, 2022. Middlesex Water has paid cash dividends in varying amounts continually since 1912 and has increased its annual dividend rate for 49 consecutive years. Middlesex Water is an investor-owned water and wastewater utility, serving customers