Key Developments For Connecticut Water Service, Inc.
Connecticut Water Service, Inc. (CTWS.O) (Nasdaq)
Connecticut Water Service, Inc. Declares Dividend
Connecticut Water Service, Inc. announced that the Company's Board of Directors declared a quarterly cash dividend of $0.2275 per common share payable on December 15, 2009 for shareholders of record as of December 1, 2009. This quarterly dividend remains unchanged from the previous quarter and represents an annualized dividend of $0.91. Connecticut Water's Board also declared a quarterly cash dividend of $0.20 per share on Preferred A shares payable on January 18, 2010, for shareholders of record as of January 4, 2010, and a quarterly cash dividend of $0.225 on Preferred 90 shares on February 1, 2010, for shareholders of record as of January 18, 2010.
Connecticut Water Service, Inc. Completes Previously Announced Land Transaction
Connecticut Water Service, Inc. announced that its principal operating subsidiary, The Connecticut Water Company, has completed the previously announced sale of a conservation easement on 198 acres of land to the Town of Windsor Locks, Connecticut. The land had once been used as a water supply source, but is no longer needed for that purpose. The transaction will protect the largest parcel of undeveloped land in Windsor Locks from future development.
Connecticut Water Service, Inc.'s Subsidiary Completes Acquisition Of Legend Hill Water System; Receives Standard & Poor's Reaffirmation Of A Rating
Connecticut Water Service, Inc.'s wholly owned subsidiary, The Connecticut Water Company, announced that it has completed the acquisition of the Legend Hill water system in Madison, Connecticut. Terms of the deal were not disclosed. Also, on August 28, 2009, Standard & Poor's Ratings Service reaffirmed its A corporate credit rating on Connecticut Water Service, Inc. and The Connecticut Water Company.
Connecticut Water Service, Inc. Increases Dividend
Connecticut Water Service, Inc. announced that its Board of Directors has approved an annualized dividend increase of $0.02 per common share, or 2.2%, above the current cash dividend. The quarterly cash dividend on common shares was increased to $0.2275 per quarter from $0.2225. The increased dividend will be effective with the dividend declared by the Board on common shares payable on September 15, 2009, for shareholders of record as of September 1, 2009. The Company's annual dividend yield is about 4.1%.
Connecticut Water Service, Inc. Declares Dividends
Connecticut Water Service, Inc. announced that its Board of Directors declared a quarterly cash dividend of $ 0.2225 per common share payable on June 15, 2009, for shareholders of record as of June 1, 2009. This quarterly dividend remains unchanged from the previous quarter and represents an annualized dividend of $0.89 per share.
