Company: MSEX
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001174947-25-000251
Chunk: 309

Company: MIDDLESEX WATER CO
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 309
---
 Restricted Stock Award - Net - Employees 
     7  
     1,235  
     —  
     1,235 
  
    Stock Award - Board Of Directors 
     5  
     360  
     —  
     360 
  
    Cash Dividends on Common Stock ($1.2625 per share) 
     —  
     —  
     (22,441) 
     (22,441)
  
    Cash Dividends on Preferred Stock 
     —  
     —  
     (120) 
     (120)
  
    Common Stock Issuance Expenses 
     —  
     —  
     (10) 
     (10)
  
    Balance at December 31, 2023 
     17,821  
    $246,764  
    $176,227  
    $422,991 

    Net Income 
     —  
    $—  
    $44,351  
    $44,351 
  
    Dividend Reinvestment & Common Stock Purchase Plan 
     17  
     974  
     —  
     974 
  
    Restricted Stock Award - Net - Employees 
     (10) 
     (383) 
     —  
     (383)
  
    Stock Award - Board Of Directors 
     8  
     398  
     —  
     398 
  
    Cash Dividends on Common Stock ($1.3150 per share) 
     —  
     —  
     (23,408) 
     (23,408)
  
    Cash Dividends on Preferred Stock 
     —  
     —  
     (109) 
     (109)
  
    Conversion of $7 Preferred Stock to Common Stock 
     51  
     449  
     —  
     449 
  
    Balance at December 31, 2024 
     17,887  
    $248,202  
    $197,061  
    $445,263 

See Notes to Consolidated Financial Statements. 

44 

MIDDLESEX WATER COMPANY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1 – Organization, Summary of Significant Accounting Policies
and Recent Develop