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Middlesex Water Company (MSEX)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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69.70+1.09 (+1.59%)
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Previous Close68.61
Open68.71
Bid64.15 x 800
Ask70.08 x 1100
Day's Range68.71 - 70.13
52 Week Range48.79 - 72.41
Volume27,450
Avg. Volume37,995
Market Cap1.217B
Beta (5Y Monthly)0.24
PE Ratio (TTM)33.02
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.02 (1.47%)
Ex-Dividend DateAug 13, 2020
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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-21% Est. Return
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  • Middlesex Water Company Announces 6.3% Common Dividend Increase
    GlobeNewswire

    Middlesex Water Company Announces 6.3% Common Dividend Increase

    ISELIN, N.J., Oct. 21, 2020 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced today that its Board of Directors has declared a cash dividend of $0.2725 per share on its common stock, an increase of 6.3% from the $0.25625 per share dividend declared in July of 2020.  This increase raises the annual dividend rate to $1.09 from $1.02 per share of common stock. The dividend is payable December 1, 2020 to shareholders of record as of November 13, 2020. Middlesex Water Company has paid cash dividends in varying amounts continually since 1912 and has increased its annual dividend for 48 consecutive years. “We are pleased that despite the operational challenges posed by the ongoing pandemic, the prudent management of our operations by an extraordinary group of people has enabled us to increase the dividend,” said Chairman, President and Chief Executive Officer Dennis W. Doll.Middlesex Water Company is an investor-owned water and wastewater utility, serving customers primarily in central and southern New Jersey and Delaware.  Learn more about Middlesex’s Direct Share Purchase and Sale and Dividend Reinvestment Plan.ABOUT MIDDLESEX WATER COMPANYEstablished in 1897, Middlesex Water Company serves as a trusted provider offering life-sustaining high quality water service for residential, commercial, industrial and fire protection purposes. The Company offers a full range of water, wastewater utility and related services. An investor-owned public utility, Middlesex Water is a professional services provider specializing in municipal and industrial contract operations and water and wastewater system technical operations and maintenance. The company and its subsidiaries form the Middlesex Water family of companies, which collectively serve a population of nearly half a million people in New Jersey and Delaware.  Named a 2020 Top Workplace in New Jersey, Middlesex is focused on meeting the needs of our employees, customers, and shareholders.  We invest in our people, our infrastructure and the communities we serve to support reliable and resilient utility services, economic growth and quality of life.  To learn more about Middlesex Water, visit https://www.middlesexwater.com Please follow us on Facebook, Twitter and LinkedIn.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 Affairs Middlesex Water Company (732) 638-7549 www.middlesexwater.com

  • GlobeNewswire

    Middlesex Water CEO Dennis Doll to Participate in Janney Virtual Utilities Conference

    ISELIN, N.J., Sept. 14, 2020 (GLOBE NEWSWIRE) -- Middlesex Water Company has announced that its Chairman, President and CEO Dennis Doll will be participating in a Virtual Utilities Conference hosted by Janney Montgomery Scott on Wednesday, September 16 at 8 a.m. EDT.  Mr. Doll will provide an overview of the water industry and share an update on company developments. The Conference is a two-day virtual event to be moderated by Michael Gaugler, Janney Managing Director, Utility & Infrastructure Research. The live presentation as well as a replay of Mr. Doll’s webcast will be available in real time and be posted by the next day at http://www.wsw.com/webcast/jms/msex or on Middlesex Water’s website www.middlesexwater.com under Investors at the News & Events/Presentations Tab. The presentation will be available for 90 days.About Middlesex Water Company Established in 1897, Middlesex Water Company (NASDAQ:MSEX) serves as a trusted provider offering life-sustaining high quality water service for residential, commercial, industrial and fire protection purposes. The Company offers a full range of water, wastewater utility and related services. An investor-owned public utility, Middlesex Water is a professional services provider specializing in municipal and industrial contract operations and water and wastewater system technical operations and maintenance. The company and its subsidiaries form the Middlesex Water family of companies, which collectively serve a population of nearly half a million people in New Jersey and Delaware.  Named a 2020 Top Workplace in New Jersey, Middlesex is focused on meeting the needs of its employees, customers, and shareholders.  The Company invests in its people, infrastructure and the communities it serves to support reliable and resilient utility services, economic growth and quality of life.  To learn more about Middlesex Water, visit https://www.middlesexwater.com   Please follow us on Facebook, Twitter and LinkedIn.Media Contact: Bernadette Sohler, Vice President – Corporate Affairs (732) 638-7549 bsohler@middlesexwater.com

  • GlobeNewswire

    Tidewater Named “Superstar in Business” by Delaware State Chamber

    DOVER, Del., Sept. 08, 2020 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (Tidewater) has been named a 2020 Superstar in Business (60-150 Employee Category) by the Delaware State Chamber of Commerce. The recognition honors small businesses that display the highest of ethical standards and incorporate innovative ways to sustain and grow their business while maintaining a qualified workforce. Businesses and nonprofits submit an application detailing eight areas of business practices. The evaluation committee recognizes the top businesses in three categories, based on number of employees, and separately, evaluates organizations in a nonprofit category. Tidewater was named an Award of Excellence winner in the same category in 2019.“The Superstars in Business Award from the Delaware State Chamber comes at a difficult time when our staff is working as hard as ever to ensure that every drop of water delivered to our customers is safe and reliable to aid in protecting the health and safety of families and businesses throughout Delaware. Like many companies, we face a variety of challenges and we work diligently to overcome them.  We are deeply grateful to our employees who continue to provide high quality service to our customers and we thank the Chamber for this distinguished recognition,” said Bruce O’Connor, President of Tidewater Utilities, Inc.About Tidewater Utilities, Inc. Serving Delaware since 1964, Tidewater Utilities, Inc. is a wholly owned subsidiary of Middlesex Water Company (NASDAQ: MSEX) that specializes in a full complement of water and wastewater services. Committed to sustainable practices, the company offers its expertise in areas of water and wastewater operations and maintenance, municipal and industrial contract operations and consulting. The company is proud to deliver safe drinking water as southern Delaware’s premier water company and serves to preserve the welfare of Delaware’s citizens, businesses and natural resources. To learn more about Tidewater Utilities, Inc., visit www.tuiwater.com and follow us on Facebook, Twitter and LinkedIn.Contact: Tina Gardner, Tidewater Utilities, Inc. tgardner@tuiwater.com  (302) 747-1316  Bernadette M. Sohler, Middlesex Water Company bsohler@middlesexwater.com  (732) 638-7549