Middlesex Water (MSEX) hikes dividend by 5.6%
Middlesex Water (MSEX) announced a 5.6% dividend increase to $0.38 per share quarterly on October 23, 2026. The latest hike extends the water utility's dividend growth streak to 54 consecutive years, maintaining its status as a Dividend Hero.
The new quarterly dividend brings Middlesex Water's annualized payout to $1.52 per share. At a share price of $56.19, MSEX offers a dividend yield of approximately 2.7%. The ex-dividend date is November 16, 2026. Middlesex Water shares have gained 13% year-to-date.
Middlesex Water has now increased its annual dividend for 54 consecutive years, placing it among the longest-running dividend growth companies in the United States. Over the past decade, the company's average annual dividend growth rate has been exactly 6.0%.
The latest 5.6% increase follows dividend hikes of 5.9% in 2025, 4.6% in 2024 and 4.0% in 2023. The largest annual increase during the seven-year period shown above was 7.8% in 2022.
With the new quarterly payout of $0.38 per share, Middlesex Water continues its annual dividend growth record. The stock has gained 13% in 2026, with the share price reaching $56.19 and the regular dividend yield standing at approximately 2.7%.
Middlesex Water Company is a regulated water utility headquartered in New Jersey, providing water and wastewater services to residential, commercial and industrial customers, primarily in New Jersey and Delaware.
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.