Aqua America fka WTR

[Pro-Life]

Aqua America Announces a 6.1 Percent Cash Dividend Increase Payable December 1, 2012
Date : 08/02/2012 @ 1:41PM
Source : Business Wire
Stock : Aqua America, Inc. (WTR)

http://ih.advfn.com/p.php?pid=nmona&article=53693349

Aqua America’s (NYSE: WTR) Board of Directors today declared a dividend increase of $0.01 per share from $0.165 per share to $0.175 per share for the December 1, 2012 quarterly dividend, to all shareholders of record on November 16, 2012. This represents a 6.1 percent increase to the quarterly dividend. This increase is equivalent to $0.04 above the company’s current annualized dividend rate of $0.66 to $0.70.

The Board also declared the regular $0.165 per share quarterly common stock cash dividend to be paid on September 1, 2012 to shareholders of record on August 17, 2012. Aqua has paid a consecutive quarterly dividend for more than 65 years.

This is the company’s 22nd dividend increase in 21 years. Aqua America Chairman and CEO Nicholas DeBenedictis said, “The Board approved this action after a strategic session to review the company’s 5-year business plan. This decision demonstrates the Board’s continued confidence in the long-term growth potential of our business model.”