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Middlesex Water Company

Middlesex185Dividend Yield as of 7/8: 3.7%

The global population just keeps on growing … and water consumption is growing even faster. Unfortunately, even though the earth is covered with water, less than 3% of that is actually freshwater.

That sure makes it tough to hydrate everyone. The UN estimates that 1.8 billion people will be living in countries or regions with absolute water scarcity by 2025, while two-thirds of the world population will be under stress conditions.

Basically, thinking in simple supply-and-demand terms, safe and clean water looks poised to be one of the world’s hottest commodities.

While there are plenty of ways to play this reality, regional water utility Middlesex Water Co. (MSEX) offers one of the most refreshing payouts. The company has paid dividends for 100 years and has raised the dividend for forty consecutive years.

MSEX’s current quarterly 19-cent payout makes for a nice 3.7% yield that investors should be eager to slurp up.

Article printed from InvestorPlace Media,

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