SmarterDividends
MSEX

Middlesex Water Company

MSEX22 yrs growth

Utilities · Utilities - Regulated Water · Stock · quarterly payer

$54.59

Overvalued · -30% Add to Portfolio

Forward Yield

2.64%

Annual Dividend

$1.44

Payout Ratio

55%

5-Yr Growth

5.8%

Ex-Date

Aug 17, 2026

Frequency

Quarterly

Key facts about MSEX's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Middlesex Water Company (MSEX) has a forward dividend yield of 2.64%, based on an annual dividend of $1.44 per share and a share price of $54.59.
  • As of Oct 18, 2026, MSEX's dividend safety grade from SmarterDividends is A (91 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Middlesex Water Company (MSEX) has raised its dividend for 22 consecutive years as of Oct 18, 2026.
  • MSEX has never cut its regular dividend in the payment history SmarterDividends has on record.
  • MSEX's most recent ex-dividend date was Aug 17, 2026, for a dividend of $0.36 per share.
  • As of Oct 18, 2026, MSEX pays out 55% of its trailing 12-month earnings as dividends (its payout ratio).
  • MSEX's dividend has grown at an average rate of 5.8% a year over the past five years.
  • As of Oct 18, 2026, MSEX's 2.64% yield is 42% above its five-year average yield of 1.86%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for MSEX is $38.20 per share, 30% below the $54.59 share price, so MSEX screens as overvalued.
  • Middlesex Water Company (MSEX) pays its dividend quarterly, 4 times a year.
  • Middlesex Water Company (MSEX) has raised its regular dividend 39 times and cut it 0 times across the 160 payments on record since 1987. Its most recent change was a 5.9% increase to $0.360 per share, going ex-dividend on Nov 17, 2025.
Cite this page

SmarterDividends, "MSEX Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/MSEX

Summary

As of Oct 18, 2026, Middlesex Water Company (MSEX) yields 2.64% ($1.44 a year per share), has a dividend safety grade of A (91/100) and has 22 consecutive years of dividend increases on record.

Is MSEX a good dividend stock?

Yes

Middlesex Water Company (MSEX) pays a quarterly dividend yielding 2.64% ($1.44/yr), with 22 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 22 consecutive years of dividend growth
  • Never cut its dividend on record
  • Comfortable payout ratio (55%)
  • Strong 5.8% 5-yr dividend growth
  • Top-tier dividend safety score

Risks

  • Share price is down over the past 5 years

Key Data

Dividend Yield
2.64%
Payout Ratio
55%
Annual Dividend
$1.44
5-Yr Avg Growth
5.8%
Ex-Dividend Date
Aug 17, 2026
Years of Growth
22
Frequency
quarterly
Beta
0.73
Market Cap
$1.0B
P/E Ratio
21.1
5-Yr Total Return
-47%
52-Week Range
$44.17 – $62.18
Dividend Safety
A · 91/100
Ever Cut?
No

MSEX dividend raises and cuts

Middlesex Water Company (MSEX) has raised its regular dividend 39 times and cut it 0 times across the 160 payments on record since 1987. Its most recent change was a 5.9% increase to $0.360 per share, going ex-dividend on Nov 17, 2025.

Ex-dateChangeOld → newMove
Nov 17, 2025Raise$0.340 → $0.360+5.9%
Nov 15, 2024Raise$0.325 → $0.340+4.6%
Nov 15, 2023Raise$0.313 → $0.325+3.8%
Nov 15, 2022Raise$0.290 → $0.313+7.9%
Nov 10, 2021Raise$0.273 → $0.290+6.2%
Nov 12, 2020Raise$0.256 → $0.273+6.6%
Nov 14, 2019Raise$0.240 → $0.256+6.7%
Nov 14, 2018Raise$0.224 → $0.240+7.1%
Nov 8, 2017Raise$0.211 → $0.224+6.2%
Nov 8, 2016Raise$0.199 → $0.211+6.0%
Nov 9, 2015Raise$0.193 → $0.199+3.1%
Nov 12, 2014Raise$0.190 → $0.193+1.6%
Show all 39 changes since 1987
Ex-dateChangeOld → newMove
Nov 13, 2013Raise$0.188 → $0.190+1.1%
Nov 13, 2012Raise$0.185 → $0.188+1.6%
Nov 10, 2011Raise$0.183 → $0.185+1.1%
Nov 10, 2010Raise$0.180 → $0.183+1.7%
Nov 10, 2009Raise$0.178 → $0.180+1.1%
Nov 12, 2008Raise$0.175 → $0.178+1.7%
Nov 13, 2007Raise$0.173 → $0.175+1.2%
Nov 13, 2006Raise$0.170 → $0.173+1.8%
Nov 10, 2005Raise$0.168 → $0.170+1.2%
Nov 10, 2004Raise$0.165 → $0.168+1.8%
Feb 12, 2004Raise$0.161 → $0.165+2.3%
Nov 13, 2002Raise$0.158 → $0.161+2.4%
Nov 13, 2001Raise$0.155 → $0.158+1.6%
Nov 13, 2000Raise$0.153 → $0.155+1.6%
Nov 10, 1999Raise$0.148 → $0.153+3.4%
Nov 12, 1998Raise$0.143 → $0.148+3.5%
Nov 12, 1997Raise$0.140 → $0.143+1.8%
Nov 13, 1996Raise$0.138 → $0.140+1.8%
Nov 13, 1995Raise$0.135 → $0.138+1.9%
Nov 8, 1994Raise$0.131 → $0.135+3.1%
Nov 8, 1993Raise$0.125 → $0.131+4.8%
Nov 6, 1992Raise$0.120 → $0.125+4.2%
Nov 8, 1991Raise$0.118 → $0.120+2.1%
Nov 8, 1990Raise$0.115 → $0.118+2.2%
Nov 9, 1989Raise$0.111 → $0.115+3.4%
Nov 8, 1988Raise$0.108 → $0.111+3.5%
Nov 6, 1987Raise$0.104 → $0.108+3.6%
Every MSEX payment →Download every raise and cut (CSV)
MSEX ex-dividend date & scheduleNext ex-date Aug 17, 2026 · full ex-dividend historyView →MSEX dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is MSEX a good dividend stock?

Yes. Middlesex Water Company (MSEX) pays a quarterly dividend yielding 2.64% ($1.44/yr), with 22 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is MSEX undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MSEX's fair value is about $38.20 versus a $54.59 share price — so it looks overvalued (-30% vs. fair value).

Is MSEX's dividend safe?

MSEX has a dividend-safety grade of A (91/100), based on its payout coverage, free-cash-flow, 22-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is MSEX's fair value?

Our blended fair-value estimate for MSEX is about $38.20 per share, about 30% below the current $54.59 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MSEX a buy, hold, or sell?

We don't issue formal ratings, but on the data MSEX screens as "yes" and overvalued. Middlesex Water Company (MSEX) pays a quarterly dividend yielding 2.64% ($1.44/yr), with 22 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will MSEX cut its dividend?

MSEX earns a dividend-safety grade of A (91/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does MSEX pay a dividend?

Yes. Middlesex Water Company pays a quarterly dividend of about $1.44 per share annually, a forward yield of roughly 2.64%.

What is MSEX's dividend yield?

As of Oct 18, 2026, MSEX's forward dividend yield is 2.64%, based on a $1.44 annual dividend and a $54.59 share price.

What is MSEX's dividend per share?

As of Oct 18, 2026, MSEX pays $1.44 per share per year, distributed on a quarterly basis.

What is MSEX's dividend payout ratio?

As of Oct 18, 2026, MSEX's payout ratio is 55% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has MSEX grown its dividend?

As of Oct 18, 2026, MSEX has increased its dividend for 22 consecutive years.

When is the next MSEX ex-dividend date?

As of Oct 18, 2026, MSEX's next ex-dividend date hasn't been announced. The most recent was Aug 17, 2026, for $0.36 per share.

Income Calculator

At $1.44 / yr per share

Per payment (quarterly)$36.00
Annual$144.00
Monthly avg$12.00

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