Middlesex Water Co. (MSEX) reported earnings applicable to common stock of $8.2 million, or $0.72 per basic share, for the year ended December 31, 2005, compared with $8.2 million, or $0.74 per basic share, in 2004. On a fully diluted basis, earnings per share was $0.71 for 2005 compared to $0.73 per share in May 2004. Earnings per share decreased by $0.02, due to the full effect of the 700,000 common stock share offering in 2004 and shares issued under the Company's Dividend Reinvestment Plan during 2005. [ more ]
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