Middlesex Water increases quarterly dividend 4.62% to 34c per share

Middlesex Water (MSEX) announced that its board has declared a quarterly cash dividend of 34c per share on its common stock, a 4.62% increase from the 32.5c per share dividend last declared in July. This increase raises the annual dividend rate to $1.36 from $1.30 per share of common stock and marks Middlesex’s 52nd consecutive year of dividend increases. The dividend at the new rate is payable December 2 to shareholders of record as of November 15. Middlesex Water Company has paid cash dividends in varying amounts continually since 1912.