Middlesex Water Co. Declares Quarterly Dividend of $0.19 (MSEX)
Middlesex Water (NASDAQ:MSEX) declared a quarterly dividend on Friday, January 31st, American Banking and Market News reports. Investors of record on Friday, February 14th will be given a dividend of 0.19 per share on Monday, March 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 3.82%.
MSEX has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Middlesex Water from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, January 2nd. They now have a $23.20 price target on the stock.
Shares of Middlesex Water (NASDAQ:MSEX) traded down 0.10% on Friday, hitting $19.90. The stock had a trading volume of 39,947 shares. Middlesex Water has a one year low of $18.58 and a one year high of $22.46. The stock’s 50-day moving average is $20.60 and its 200-day moving average is $20.9. The company has a market cap of $316.8 million and a price-to-earnings ratio of 19.84.
Middlesex Water Company (NASDAQ:MSEX) is a water utility company.
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