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Middlesex Water (MSEX) Dividend History & Yield

Middlesex Water (MSEX) has increased its dividend for 23 consecutive years and currently yields 2.73%. The most recent payment was $0.3600/share on Feb 17, 2026, paid Quarterly.

Middlesex Water Company logo
Middlesex Water

MSEX

Current Yield

2.73%

TTM Dividend/Share

$1.40

Payment Frequency

Quarterly

Payout Ratio

59.3%

Consecutive Growth Years

23

Div Growth (1Y CAGR)

4.94%

Div Growth (5Y CAGR)

5.79%

Div Growth (10Y CAGR)

5.92%

Dividend Safety Score

3 out of 5 checks passed

Payout ratio below 75%

Payout ratio is 59.3%, well below the 75% threshold.

Free cash flow covers dividend

FCF/share ($-1.86) does not fully cover dividend/share ($1.40).

No dividend cuts in 10+ years

No dividend cuts in the last 10 years.

Positive earnings growth trend

Earnings per share have declined over the past 5 years.

10+ years of consecutive growth

23 consecutive years of dividend growth.

Dividend Payment History

  • Ex-date Feb 17, 2026

    Payment date
    Mar 2, 2026
    Dividend
    $0.3600
    Adj. dividend
    $0.3600

  • Ex-date Nov 17, 2025

    Payment date
    Dec 1, 2025
    Dividend
    $0.3600
    Adj. dividend
    $0.3600

  • Ex-date Aug 15, 2025

    Payment date
    Sep 2, 2025
    Dividend
    $0.3400
    Adj. dividend
    $0.3400

  • Ex-date May 15, 2025

    Payment date
    Jun 2, 2025
    Dividend
    $0.3400
    Adj. dividend
    $0.3400

  • Ex-date Feb 18, 2025

    Payment date
    Mar 3, 2025
    Dividend
    $0.3400
    Adj. dividend
    $0.3400

  • Ex-date Nov 15, 2024

    Payment date
    Dec 2, 2024
    Dividend
    $0.3400
    Adj. dividend
    $0.3400

  • Ex-date Aug 15, 2024

    Payment date
    Sep 3, 2024
    Dividend
    $0.3250
    Adj. dividend
    $0.3250

  • Ex-date May 14, 2024

    Payment date
    Jun 3, 2024
    Dividend
    $0.3250
    Adj. dividend
    $0.3250

  • Ex-date Feb 14, 2024

    Payment date
    Mar 1, 2024
    Dividend
    $0.3250
    Adj. dividend
    $0.3250

  • Ex-date Nov 15, 2023

    Payment date
    Dec 1, 2023
    Dividend
    $0.3250
    Adj. dividend
    $0.3250

  • Ex-date Aug 10, 2023

    Payment date
    Sep 1, 2023
    Dividend
    $0.3125
    Adj. dividend
    $0.3125

  • Ex-date May 11, 2023

    Payment date
    Jun 1, 2023
    Dividend
    $0.3125
    Adj. dividend
    $0.3125

Historical Dividend Yield

Mean trailing dividend yield using one ratio snapshot per calendar year in each lookback window (same basis as the yearly bars)—not CAGR.Mean yield1Y: 2.73%5Y: 1.92%10Y: 1.84%

Dividend Growth

CAGR (per year)1Y: 4.94%5Y: 5.79%10Y: 5.92%↓ Decelerating

Dividend Increase Track Record

Middlesex Water has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 23 consecutive years — the same figure as the "Consecutive Growth Years" card above.

YearPrevious DPSNew DPSChange
2026$1.3800——
2025$1.3150$1.3800+4.9%
2024$1.2625$1.3150+4.2%
2023$1.1825$1.2625+6.8%
2022$1.1075$1.1825+6.8%
2021$1.0413$1.1075+6.4%
2020$0.9762$1.0413+6.7%
2019$0.9113$0.9762+7.1%
2018$0.8575$0.9113+6.3%
2017$0.8075$0.8575+6.2%
2016$0.7762$0.8075+4.0%
2015$0.7625$0.7762+1.8%
2014$0.7525$0.7625+1.3%
2013$0.7425$0.7525+1.3%
2012$0.7325$0.7425+1.4%
2011$0.7225$0.7325+1.4%
2010$0.7125$0.7225+1.4%
2009$0.7025$0.7125+1.4%
2008$0.6925$0.7025+1.4%
2007$0.6825$0.6925+1.5%
2006$0.6725$0.6825+1.5%
2005$0.6625$0.6725+1.5%
2004$0.6075$0.6625+9.1%
2003$0.6338$0.6075-4.1%
2002$0.6225$0.6338+1.8%
2001$0.6125$0.6225+1.6%
2000$0.5950$0.6125+2.9%
1999$0.5750$0.5950+3.5%
1998$0.5625$0.5750+2.2%
1997$0.5525$0.5625+1.8%
1996$0.5425$0.5525+1.8%
1995$0.5288$0.5425+2.6%
1994$0.6312$0.5288-16.2%
1993$0.4850$0.6312+30.2%
1992$0.4725$0.4850+2.6%
1991$0.4625$0.4725+2.2%
1990$0.4487$0.4625+3.1%
1989$0.4338$0.4487+3.5%
1988$0.4187$0.4338+3.6%
1987$1.6008$0.4187-73.8%
1986$1.5208$1.6008+5.3%
1985—$1.5208—

DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.

Frequently asked questions

Does Middlesex Water pay dividends?

Yes, Middlesex Water (MSEX) pays quarterly dividends of approximately $1.40 per share annually, yielding 2.73%.

What is Middlesex Water's dividend yield?

Middlesex Water (MSEX) has a current dividend yield of 2.73%.

Is Middlesex Water's dividend safe?

Middlesex Water (MSEX) passes 3 out of 5 dividend safety checks. See the detailed breakdown above for each criterion.

How many consecutive years has Middlesex Water increased its dividend?

Middlesex Water (MSEX) has 23 consecutive years of dividend increases.

What is Middlesex Water's dividend payout ratio?

Middlesex Water (MSEX) has a dividend payout ratio of 59.3%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).

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