Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Middlesex Water (MSEX) have what it takes?
Here is how Middlesex Water (MSEX) and NiSource (NI) have performed compared to their sector so far this year.
Investors in Middlesex Water (NASDAQ: MSEX), a New Jersey water utility, received great news on Monday morning with a 12.8% rise in share price by 10:25 a.m. ET, following the release of earnings over the weekend. According to The Fly, Middlesex announced its Q4 earnings after the market closed on Friday, making today the first opportunity for investors to react to the news. The company attributed a rate increase and higher customer demand due to weather for a 22% rise in Q4 revenue and a 53% boost in quarterly profit.
Investors in New Jersey water utility stock Middlesex Water (MSEX 14.44%) woke up to some dramatically good news on Monday morning: a 12.8% gain in share price (through 10:25 a.m. ET) after earnings came out over the weekend.
Diluted earnings per share (“EPS”) of $2.47 for 2024, compared to 2023 earnings of $1.76 Invested $75 million in capital expenditures in 2024 to upgrade, replace and enhance the resiliency of its water and wastewater utility infrastructure Utility infrastructure investment of $387 million planned from 2025 through 2027 ISELIN, N.J., Feb. 28, 2025 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ: MSEX) today announced financial results for the fourth quarter and year end 2024.
ISELIN, N.J., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) today announced the hiring of Brian Hague as its Vice President of Communications and Corporate Affairs, where he will focus on internal and external communications, crisis management, government affairs, and community outreach.
ISELIN, N.J., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water, wastewater and related utility services, plans to announce its financial results for the fourth quarter and 2024 earnings on February 28, 2025 after the market closes.
ISELIN, N.J., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) announced today that its Board of Directors has declared a quarterly cash dividend of $0.34 per share on its common stock, payable March 3, 2025, to shareholders of record as of February 18, 2025.
This Industry Outlook article has featured American Water Works, SJW Group, and Middlesex Water.
Even though there may be short-term challenges with water supply, companies such as AWK, SJW, and MSEX are likely to gain advantages due to their solid customer base and consistent investments that help them serve their customers effectively.