Business Context and Reporting Period
Company: Middlesex Water Company (MSEX)
Filing Type: Form 8-K (Current Report)
Date of Report: October 24, 2024
Reporting Period: Specific event date (October 24, 2024)
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on a corporate action regarding shareholder distributions.
- Quarterly Cash Dividend: $0.34 per share
- Dividend Increase: 4.62% increase from the prior declaration
- Previous Dividend: $0.325 per share (declared July 2024)
- Payment Date: December 2, 2024
- Record Date: November 15, 2024
Material Changes
The primary material change is the Board of Directors' declaration of an increased quarterly cash dividend. The new rate of $0.34 per share represents a 4.62% increase over the $0.325 per share dividend declared in July 2024.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on operational outlook, or discussion of risks and contingencies beyond the standard disclosure of the dividend event. No unusual items were reported.
Investor Verification Checklist
- Verify the record date of November 15, 2024, to ensure eligibility for the dividend.
- Confirm the payment date of December 2, 2024, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context on the dividend increase rationale.
- Check subsequent filings for confirmation of the dividend payment execution.