Continuing a 51-Year Streak of Dividend Increases

  • Middlesex Water raises dividend by 4%
  • 51st consecutive year of dividend increase
  • Quarterly dividend increased to 32.5 cents per share
  • Yearly payout raised to $1.30
  • Annual yield of 2% based on Friday’s closing price

Factuality Level: 10
Justification: The article provides factual information about Middlesex Water’s board approving a 4% increase to the company’s quarterly dividend. It includes details such as the new dividend amount, the payment date, and the record date. The article also mentions the previous dividend increase in July 2022 and provides the annual yield based on the closing price. There are no digressions, misleading information, sensationalism, redundancy, or opinion masquerading as fact in the article.

Noise Level: 8
Justification: The article provides straightforward information about Middlesex Water’s decision to increase its quarterly dividend. However, it lacks depth and analysis, and does not provide any context or insights into the company’s financial performance or the reasons behind the dividend increase. It also does not explore any potential consequences or implications of the decision. Overall, the article is short and lacks substance, making it closer to noise than valuable information.

Financial Relevance: Yes
Financial Markets Impacted: No

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article pertains to a financial company, Middlesex Water, and its decision to increase its quarterly dividend. There is no mention of any extreme event or its impact.

Public Companies: Middlesex Water (N/A)
Private Companies:
Key People:

Middlesex Water announced that its board has approved a 4% increase to the company’s quarterly dividend, marking the 51st consecutive year of dividend growth. The cash dividend has been raised to 32.5 cents per share from 31.25 cents, and will be payable on December 1st to shareholders of record as of November 16th. This increase brings the yearly payout to $1.30 from $1.25, resulting in an annual yield of 2% based on Friday’s closing price of $62.06. It is worth noting that the company last raised its dividend in July 2022.