The dividend, which annualizes to $1.52 per share, offers a 2.7% annual yield based on the company’s recent closing price of $56.03. Investors on the books by the close of business on November 16 qualify for the distribution, with the actual payment scheduled for December 1.
Middlesex Water Lifts Quarterly Dividend to 38 Cents
Shareholders of Middlesex Water are set to receive a larger slice of the company’s earnings after the board approved a 5.6% increase in the quarterly dividend. The payout shift bumps the rate from 36 cents to 38 cents per share, reflecting the utility provider’s latest financial adjustment.
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