Middlesex Water (MSEX) Misses Q3 EPS by 1c; Raises Dividend
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- Middlesex Water (MSEX) Misses Q3 EPS by 1c; Raises Dividend
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Middlesex Water Company (NASDAQ: MSEX) reports Q3 EPS of $0.29 vs. consensus of $0.30. Revenues were $25.5 million vs. $25.65 million consensus.
The Company's Board of Directors approved an increase in the Company's quarterly cash dividend to $0.1800 from $0.1775. The new dividend rate is payable December 1, 2009 to shareholders of record as of November 13, 2009. This dividend increase raises the annual dividend to $0.72 from $0.71 per share of common stock.
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