Trailing Dividend / Share
$1.37
Middlesex Water Company (MSEX) Dividend History
Income profile from 1985 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
2.7%
Payout Ratio
58.2%
Sustainable
Dividend Streak
22 years
MSEX Dividend Income Check
Safety
58.2% payout ratio with sustainable safety profile.
Consistency
22 straight years of dividend increases.
Income Trend
Yield on cost is 1.9% and trend is rising.
MSEX Dividend Scorecard
Yield & Income
Dividend Yield2.7%
Trailing DPS$1.37
FrequencySemi-Annual
Payments / 12M5
Payout Safety
Earnings Payout58.2%
Earnings SafetySustainable
FCF PayoutN/A
FCF SafetyUnknown
Piotroski F-Score4/9
Growth
Growth Streak22 years
3Y CAGR5.3%
5Y CAGR5.8%
Yield on Cost (5Y)1.9%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield2.7%
1Y Total Return-12.8%
5Y Total Return-28.4%
Div Contribution (5Y)7.9%
Estimated $10K growth (return + dividends):
5Y ago$7,15810Y ago$16,28720Y ago$36,598
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
MSEX Income Growth Story
Dividend per share and yield on cost over time (42 years of payments)
MSEX Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Middlesex Water Company distributes 58.2% of earnings as dividends (Sustainable).
Piotroski F-Score: 4/9 — moderate financial health.
Growth Track Record
MSEX has raised its dividend for 22 consecutive years, with a 3-year CAGR of 5.3% and 5-year CAGR of 5.8%.
Total Shareholder Returns
Beyond cash dividends, MSEX returns capital through share repurchases. The combined picture: 2.7% dividend yield, 2.7% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 1.9% and is currently rising. The 5-year total return is -28.4%, with dividends contributing 7.9% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $16,287 today.
MSEX Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$6.42
Avg/Payment$0.3211
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| May 15, 2026Latest | $0.3600 | — | 2.79% | Jun 1, 2026 |
| Feb 17, 2026 | $0.3600 | — | 2.54% | Mar 2, 2026 |
| Nov 17, 2025 | $0.3600 | ↑ +5.9% | 2.67% | Dec 1, 2025 |
| Aug 15, 2025 | $0.3400 | — | 2.57% | Sep 2, 2025 |
| May 15, 2025 | $0.3400 | — | 2.36% | Jun 2, 2025 |
| Feb 18, 2025 | $0.3400 | — | 2.58% | Mar 3, 2025 |
| Nov 15, 2024 | $0.3400 | ↑ +4.6% | 1.96% | Dec 2, 2024 |
| Aug 15, 2024 | $0.3250 | — | 2.14% | Sep 3, 2024 |
MSEX Dividend vs Peers
Comparable companies in the same industry
#6 yield in peer group
Div Yield
2.7%
#6 of 9
Safety
Sustainable
58.2% payout
Streak
22Y
5.8% 5Y CAGR
Total Shareholder
2.7%
#6 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| MSEXMiddlesex Water Comp… | $955M | 2.7% | 58.2% | 22 | Sustainable |
 AWRAmerican States Wate… | $3.0B | 2.5% | 57.2% | 24 | Sustainable |
 YORWThe York Water Compa… | $421M | 3.0% | 62.9% | 31 | Watch |
2nd  ARTNAArtesian Resources C… | $326M | 3.9% | 55.5% | 31 | Sustainable |
1st  GWRSGlobal Water Resourc… | $206M | 4.2% | 2.8% | 4 | Sustainable |
 AWKAmerican Water Works… | $24.6B | 2.6% | 57.0% | 12 | Sustainable |
 CWTCalifornia Water Ser… | $2.6B | 2.8% | 57.6% | 22 | Sustainable |
3rd  WTRGEssential Utilities,… | $10.7B | 3.5% | 60.6% | 26 | Watch |
 XYLXylem Inc. | $27.5B | 1.4% | 40.9% | 15 | Sustainable |
MSEX Annual Dividend History (1985–2026)
42 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.72 | — | 2 | — | — | — | 1.0% |
| 2025 | $1.38 | 4.9% | 4 | $2.36 | 58.5% | 1.71x | 1.9% |
| 2024 | $1.32 | 4.2% | 4 | $2.47 | 53.2% | 1.88x | 1.9% |
| 2023 | $1.26 | 6.8% | 4 | $1.76 | 71.7% | 1.39x | 1.8% |
| 2022 | $1.18 | 6.8% | 4 | $2.39 | 49.5% | 2.02x | 1.7% |
| 2021 | $1.11 | 6.4% | 4 | $2.07 | 53.5% | 1.87x | 1.6% |
| 2020 | $1.04 | 6.7% | 4 | $2.18 | 47.8% | 2.09x | 1.5% |
| 2019 | $0.98 | 7.1% | 4 | $2.01 | 48.6% | 2.06x | 1.4% |
| 2018 | $0.91 | 6.3% | 4 | $1.96 | 46.5% | 2.15x | 1.3% |
| 2017 | $0.86 | 6.2% | 4 | $1.38 | 62.1% | 1.61x | 1.2% |
See MSEX's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonMSEX — Frequently Asked Questions
Quick answers to the most common questions about buying MSEX stock.
How much dividend does MSEX pay per share?
Middlesex Water Company (MSEX) pays a trailing 12-month dividend of $1.37 per share, with a current dividend yield of +2.7%. Payments are made Semi-Annual.
When is MSEX's next ex-dividend date?
MSEX's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. MSEX typically pays dividends Semi-Annual.
Is MSEX's dividend safe?
MSEX's dividend safety is rated "Sustainable" based on an earnings payout ratio of +58.2% and FCF payout ratio of N/A. With 22 consecutive years of dividend growth, the track record supports sustainability.
Is MSEX a Dividend Achiever?
Yes, Middlesex Water Company is classified as a Dividend Achiever with 22 consecutive years of dividend increases. The 5-year dividend CAGR is +5.8%, demonstrating above-inflation dividend growth.
How often does MSEX pay dividends?
Middlesex Water Company pays dividends Semi-Annual. The trailing 12-month total is $1.37 per share. Dividend data on this page covers 41+ years from 1985 to 2026.
How much would $10,000 invested in MSEX grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in MSEX five years ago would be worth approximately $7,158 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is MSEX's yield on cost for long-term holders?
MSEX's yield on cost — the current dividend divided by the original purchase price — is +1.9% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.7% market yield, thanks to consistent dividend growth.