Connecticut Water Boosts Dividend 4%

(RTTNews) - Connecticut Water Service, Inc. (CTWS) said Friday that its Board of Directors has approved an annualized dividend increase of 4 cents per common share, or 4.0%, above the current cash dividend.

The quarterly cash dividend on common shares was increased to $0.2575 per quarter from $0.2475. The increased dividend will be effective with the dividend declared by the Board on common shares payable on September 16 for shareholders of record as of September 2.

The company also declared a quarterly cash dividend of $0.20 per share on Preferred A shares payable on October 15 for shareholders of record as of October 1, and a quarterly cash dividend of $0.225 on Preferred 90 shares on November 3 for shareholders of record as of October 20.

Connecticut Water has paid dividends on common stock each quarter since its founding in 1956 without interruption or reduction and has increased dividend payments for each of the last 45 years.