Middlesex Water Company Increases Quarterly Dividend From $0.3125 To $0.325 Per Share
Portfolio Pulse from Benzinga Newsdesk
Middlesex Water Company (NASDAQ:MSEX) has increased its quarterly dividend from $0.3125 to $0.325 per share, marking the 51st consecutive year of dividend increases. The new dividend is payable on December 1, 2023, to shareholders of record as of November 16, 2023. The company is also offering a 3% discount on all common stock purchases made under its Investment Plan until 200,000 shares are purchased at the discounted price or December 1, 2023, whichever event occurs first.
October 20, 2023 | 8:20 pm
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Middlesex Water Company has increased its quarterly dividend and is offering a discount on common stock purchases, which could attract more investors and potentially increase the stock price.
Dividend increases are generally seen as a positive signal by the market, indicating that a company is confident in its future earnings. Additionally, the discount on common stock purchases could attract more investors, leading to increased demand for the stock and potentially driving up the price.
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