CLINTON, CONNECTICUT, March 23, 2016 (GLOBE NEWSWIRE) -- Connecticut Water Service, Inc. (NASDAQ:CTWS) announced today that it was added to the NASDAQ U.S. Broad Dividend Achievers Index as of March 21, 2016. The index is comprised of fewer than 300 companies who have at least ten consecutive years of increasing annual regular dividend payments.
Eric W. Thornburg, President and CEO of CTWS, stated, “We are pleased to join the elite group of companies that constitute the NASDAQ U.S. Broad Dividend Achievers Index. We have a strong dividend record. CTWS has paid a dividend for nearly 60 consecutive years without interruption or reduction, and has increased the dividend payment for 46 consecutive years.”
In 2015, CTWS paid a cash dividend $1.05 on common shares, an increase of 4% over the 2014 cash dividend. As of the market close on March 21, 2016, the company’s shares have a dividend yield of 2.5%.
About NASADQ U.S. Broad Dividend Achieves Index
Launched December 5, 2003, the NASDAQ US Broad Dividend Achievers™ Index is comprised of U.S. accepted securities with at least ten consecutive years of increasing annual regular dividend payments. The NASDAQ U.S. Broad Dividend Achievers™ Index is reviewed on an annual basis. For more information about the NASDAQ U.S. Broad Dividend Achievers™ Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
About Connecticut Water Service, Inc.
Connecticut Water Service, Inc. is the largest publicly traded water company based in New England. Through its wholly-owned regulated public water utility subsidiaries, The Connecticut Water Company and The Maine Water Company, the company provides drinking water to nearly 124,000 customers, or about 400,000 people, throughout the states of Connecticut and Maine. Connecticut Water has paid a dividend without interruption or reduction since its founding in 1956. Further, the company has increased its dividend payments in each of the past 46 years. For more on CTWS, visit the Company’s Web site at www.ctwater.com or call 215-901-0426.
This news release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company’s results of operation, financial position and long-term strategy. These forward-looking statements are based on current information and expectations, and are subject to risks and uncertainties discussed in our filings with the Securities and Exchange Commission, which could cause the Company’s actual results to differ materially from expected results. We undertake no obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.
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