Middlesex Water Co: An Overview of Financial Performance and Future Predictions
Middlesex Water Co (MSEX:NASDAQ), a prominent water utility headquartered in New Jersey, has showcased its financial stamina in the competitive market. With its inception dating back to 1897, the company has not only sustained but thrived by posting an annual net income of $33.8 million and a revenue of $135.5 million for the fiscal year 2019. Operating with a dedicated team of 355 employees, Middlesex Water Co prides itself on a notable market capitalization of $947.22 million, a PE ratio of 30.14, and an attractive dividend yield of 2.45%.
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