Welcome to our dedicated page for Middlesex Water news (Ticker: MSEX), a resource for investors and traders seeking the latest updates and insights on Middlesex Water stock.
Middlesex Water Company reports developments for a regulated water and wastewater utility serving customers in New Jersey and Delaware through the Middlesex System and Tidewater Utilities. Company news commonly covers quarterly and annual earnings, infrastructure investment, rate proceedings, customer consumption and growth, cash dividends, and system acquisitions.
Updates also include subsidiary actions such as Delaware water system operations, PFAS-related customer credits, contract services, and executive finance and accounting appointments. The company's recurring disclosures connect utility capital programs, regulatory outcomes, customer service, and non-regulated service activity.
Middlesex Water Company (NASDAQ:MSEX) has appointed Walter G. Reinhard as Lead Independent Director, effective May 19, 2020. Reinhard, who has been an independent director for 18 years, succeeds Jeffries R. Shein, who is retiring. Reinhard currently chairs the Corporate Governance and Nominating Committee and is a member of the Pension Committee. Chairman and CEO Dennis Doll praised Reinhard's expertise, ensuring strong governance. Middlesex Water has been providing utility services in New Jersey and Delaware since 1897. For more details, visit their investor section.
Middlesex Water Company (NASDAQ:MSEX) reported a strong first quarter for 2020, with operating revenues rising by $1.1 million to $31.8 million compared to $30.7 million in 2019. Net income increased by 17%, reaching $1.1 million over the previous year. Diluted earnings per share rose to $0.44, up from $0.39 in Q1 2019. The company also activated critical operational plans in response to the COVID-19 pandemic, ensuring service continuity. A dividend of $0.25625 per share was declared, payable on June 1, 2020.
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