MSEX Middlesex Water dividend history, payout ratio & dates
Middlesex Water's latest dividend was on Nov 15, 2024 (ex-date) with a payout of $0.34 per share. On an annualized basis, the company has a current payout of $1.32 per share. This brings the dividend yield to 2.45% based on its recent close price. The latest dividend has an increase of $0.02, or 4.6% from the prior distribution.
Key dates
- MSEX last dividend date: Nov 15, 2024
MSEX dividend stats
vs. Utilities sector
Dividend yield
MSEX has a dividend yield of 2.45% which is below the Utilities sector, the industry and its peers average. In comparison with its Utilities sector average of 3.21%, Middlesex Water's dividend yield is 24% lower. The historical 5-year average of MSEX's dividend yield is 1.6%, which is lower than the current yield.
Dividend history
Middlesex Water has been paying dividends since 1994. MSEX has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 4.1% since twelve months ago. And with the price of the stock down by 21% from a year ago, the dividend yield has an increase of 31%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Nov 15, 2024 | $0.34 | 1.96% |
| Aug 15, 2024 | $0.325 | 2.14% |
| May 14, 2024 | $0.325 | 2.24% |
| Feb 14, 2024 | $0.325 | 2.34% |
| Nov 15, 2023 | $0.325 | 1.92% |
| Aug 10, 2023 | $0.313 | 1.56% |
| May 11, 2023 | $0.313 | 1.69% |
| Feb 13, 2023 | $0.313 | 1.41% |
| Nov 15, 2022 | $0.313 | 1.29% |
| Aug 11, 2022 | $0.29 | 1.58% |
| May 12, 2022 | $0.29 | 1.59% |
| Feb 11, 2022 | $0.29 | 1.47% |
| Nov 15, 2021 | $0.29 | 1.33% |
| Nov 10, 2021 | $0.29 | 1.05% |
| Aug 12, 2021 | $0.273 | 1.03% |
| May 13, 2021 | $0.273 | 1.36% |
| Feb 11, 2021 | $0.273 | 1.3% |
| Nov 12, 2020 | $0.273 | 1.47% |
| Aug 13, 2020 | $0.256 | 1.51% |
| May 14, 2020 | $0.256 | 1.69% |
| Feb 13, 2020 | $0.256 | 1.43% |
| Nov 14, 2019 | $0.256 | 1.62% |
| Aug 14, 2019 | $0.24 | 1.6% |
| May 14, 2019 | $0.24 | 1.55% |
| Feb 14, 2019 | $0.24 | 1.68% |
| Nov 14, 2018 | $0.24 | 1.89% |
| Aug 14, 2018 | $0.224 | 1.9% |
| May 14, 2018 | $0.224 | 2.15% |
| Feb 14, 2018 | $0.224 | 2.37% |
| Nov 8, 2017 | $0.224 | 1.97% |
| Aug 9, 2017 | $0.211 | 2.21% |
| May 10, 2017 | $0.211 | 2.42% |
| Feb 9, 2017 | $0.211 | 2.32% |
| Nov 8, 2016 | $0.211 | 2.31% |
| Aug 10, 2016 | $0.199 | 2.09% |
| May 11, 2016 | $0.199 | 2.12% |
| Feb 10, 2016 | $0.199 | 2.76% |
| Nov 9, 2015 | $0.199 | 3.13% |
| Aug 12, 2015 | $0.193 | 3.34% |
| May 13, 2015 | $0.193 | 3.49% |
| Feb 11, 2015 | $0.193 | 3.45% |
Middlesex Water dividend payout ratio
Payout ratio
MSEX has a payout ratio of 56.9% which is higher than the industry and its peers average but lower than the Utilities sector average. In comparison with the Utilities sector average of 63.3%, Middlesex Water's payout ratio is 10% lower.
Total amount of dividends paid per financial year (from cash flow)
MSEX dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| ARTNA Artesian Resources Corp | 3.78% | $1.18 | 60.6% |
| SJW Sjw Group | 3.23% | $1.6 | 58% |
| YORW York Water Co | 2.55% | $0.84 | 57% |
| MSEX Middlesex Water Co | 2.46% | $1.32 | 56.9% |
| CWT California Water Service Group | 2.46% | $1.12 | 32.3% |
| AWK American Water Works Company Inc | 2.39% | $3 | 59.6% |
| AWR American States Water Co | 2.29% | $1.79 | 60.3% |
Frequently asked questions
Does Middlesex Water pay a dividend?
Yes, Middlesex Water has paid four dividends in the last twelve months. MSEX has been paying dividends since 1994.
When was MSEX's last dividend?
Middlesex Water's last dividend ex-date was on Nov 15, 2024. The dividend amount was $0.34 per share.
How much dividend does Middlesex Water pay (per share)?
On an annual basis MSEX pays $1.32 per share.
What is Middlesex Water's dividend yield?
The current dividend yield of Middlesex Water is 2.45%.
How often does Middlesex Water pay dividends?
Middlesex Water has a quarterly dividend frequency.
What is Middlesex Water's dividend payout ratio?
Middlesex Water's dividend payout ratio is 56.9%.
Does Middlesex Water pay a good dividend?
Middlesex Water's dividend yield is lower than the Utilities sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.