Middlesex Water has lifted its quarterly common-stock cash dividend to $0.38 per share from $0.36. The utility announced the board decision on 23 October 2026, with payment scheduled for 1 December to shareholders of record on 16 November 2026.
For an eligible holder, the newly declared distribution is $0.38 per common share. The company’s $1.52 annual dividend rate is a different measure: it expresses four quarterly payments at that rate, rather than a single December payout.
Dividend amount and dates
| Item | Verified terms | Official evidence |
|---|---|---|
| Action and status | Board-declared quarterly common-stock cash dividend; announced 23 October 2026 | Issuer record |
| Per-share amount | $0.38, previously $0.36; increase $0.02 or 5.56% rounded | Issuer record |
| Annualized rate | $1.52 versus $1.44; a yearly rate, not one distribution | Issuer record |
| Record date and eligibility | 16 November 2026; shareholders of record on that date | Issuer record |
| Scheduled payment | 1 December 2026; not a completed payment | Issuer record |
| Ex-dividend date | Not disclosed in the inspected announcement; not inferred here | Issuer record |
How the increase is calculated
The change is ($0.38 − $0.36) ÷ $0.36 × 100 = 5.555…%, which rounds to the issuer’s 5.56%. Multiplying $0.38 by four gives $1.52. That calculation does not commit the board to four future declarations.
Middlesex describes itself on its investor-relations overview as a water and wastewater utility serving New Jersey and Delaware. This story concerns its common-stock distribution, not a change in customer water charges or an earnings release.
What remains outside this announcement
The release does not give a trading cut-off or an ex-dividend date. Readers should not substitute the record date for an independently verified buying deadline. Nor does the dividend alone establish an investment return: a yield calculation would need an identified share price and date.
The scheduled cash payment remains ahead, and later distributions need their own decisions. Source: 23 October issuer announcement. Official-source observation: 25 October 2026 at 13:15:04 IST.
Related dividend explainer: Hubbell’s quarterly increase and annualized rate
Recorded source observation: . This is a source-check timestamp, not a market quote or a new article update.