Middlesex Water: Slow And Steady Growth At A Discount
Seeking Alpha describes Middlesex Water as a slow-growing regulated utility with a 53-year record of dividend increases. It characterizes the shares as slightly undervalued and notes a 2.7% dividend yield and a sustainable 54% payout ratio.
Why it matters — MSEX watchers may find the article’s valuation assessment and dividend history relevant when evaluating the utility’s income and growth profile.