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Middlesex Water (MSEX) Could Be a Great Choice
MiddlesexMiddlesex(US:MSEX) ZACKSยท2025-05-28 16:50

Company Overview - Middlesex Water (MSEX) is a water utility company headquartered in Iselin, operating in the Utilities sector [3] - The stock has experienced a price change of 9.96% since the beginning of the year [3] Dividend Information - Middlesex Water currently pays a dividend of $0.34 per share, resulting in a dividend yield of 2.35% [3] - The company's annualized dividend of $1.36 has increased by 3.4% from the previous year [4] - Over the past five years, Middlesex Water has raised its dividend five times, averaging an annual increase of 6.15% [4] - The current payout ratio is 56%, indicating that the company pays out 56% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for Middlesex Water's earnings per share for 2025 is $2.53, reflecting a year-over-year growth rate of 2.43% [5] Investment Appeal - Middlesex Water is considered an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [7] - The company is positioned well compared to the Utility - Water Supply industry's yield of 2.46% and the S&P 500's yield of 1.56% [3]