Aqua America fka WTR

[Pro-Life]

Aqua America Announces a 6.5 Percent Cash Dividend Increase Payable December 1, 2011
Date : 08/02/2011 @ 10:37AM
Source : Business Wire
Stock : Aqua America, Inc. (WTR)

http://ih.advfn.com/p.php?pid=nmona&article=48662507&symbol=WTR

Aqua America’s (NYSE: WTR) Board of Directors today declared a dividend increase of $0.01 per share from $0.155 per share to $0.165 per share for the December 1, 2011 quarterly dividend, to all shareholders of record on November 17, 2011. This represents a 6.5 percent increase to the quarterly dividend. This increase is equivalent to $0.04 above the company’s current annualized dividend rate of $0.62 to $0.66.

The Board also declared the regular $0.155 per share quarterly common stock cash dividend to be paid on September 1, 2011 to shareholders of record on August 17, 2011. Aqua has paid a consecutive quarterly dividend for more than 65 years.

This is the company’s 21st dividend increase in 20 years and as a result of the December 1, 2011 increase the compound growth rate of the annualized dividend rate over the 20 years has been 6.4 percent. Aqua America Chairman and CEO Nicholas DeBenedictis said, “The Board approved this action after a strategic session to review the company’s five-year business plan. This decision demonstrates the Board’s continued confidence in the long-term growth potential of our business model.”