Middlesex Water Company (MSEX) recently celebrated its 40th year of dividend increases, and has advantages in being a large enough company to be publicly traded and have access to the capital markets, yet small enough to be able to respond quickly to the needs of customers, says Dennis W. Doll, President, CEO and Chairman of Middlesex Water Company.
“Our size is probably one of our strongest advantages. We are just large enough that we are publicly traded. We have ready access to the capital markets. Yet, we’re small enough that we can make decisions quickly, we can respond to the needs of both existing and potential customers quickly,” Doll said. “I know it can be more difficult sometimes to get that kind of assistance that quickly with a larger company.”
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MSEX has also engaged in opportunities around the country through strategic partnerships with larger entities, Doll says. Additionally, Doll believes the company is stable and sustainable, as evidenced by MSEX‘s 40 years of dividend increases.
“We have entered into a number of strategic partnerships with entities much larger than we are in various proposals that we have in various places around the country, and we wouldn’t have those opportunities if we didn’t have these partners,” Doll said. “We are certainly a stable company. We have been in business 115 years. We just celebrated our 40th year of dividend increases. …We have all of the skills and all the capabilities to not only sustain the operations we have now, but we also have a good opportunity and plan for the next generation.”
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