CLINTON, CONNECTICUT, May 18, 2016 (GLOBE NEWSWIRE) --
Connecticut Water Service, Inc. (NASDAQ: CTWS) today announced David C. Benoit, Senior Vice President and CFO of Connecticut Water Service, Inc., will be presenting at Better Investing’s National Convention on May 19, 2016, in Chantilly, Virginia. Mr. Benoit will share his perspective on CTWS as an investment choice, and on the investor-owned public water utility industry.
Meetings with the CTWS management team at the BetterInvesting National Convention can be arranged by contacting CTWS Investor Relations 215-901-0426, or visiting the CTWS Exhibition Show Booth #15.
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 47 years. On Friday, May 13, 2016, the CTWS Board of Directors approved an increase of 5.6% in its annualized cash dividend, raising the quarterly amount to $0.2825 per share of the Company’s common stock for an annualized dividend of $1.13.
This most recent dividend increase also accelerates the timing of the annual increase which has historically occurred in the third quarter of the year. That acceleration combined with the increase projects to a 6.2% increase in 2016 dividends versus 2015. CTWS is included in the NASDAQ U.S. Broad Market Dividend Achievers Index, which requires a minimum of 10 consecutive years of dividend increases.
Through its regulated water utility subsidiaries, The Connecticut Water Company and The Maine Water Company, CTWS serves 124,000 customers, or more than 400,000 people in the states of Connecticut and Maine. CTWS is New England’s largest publicly traded U.S. based water utility.
Additional information on Connecticut Water can be found at www.ctwater.com. More information about the conference is available at www.betterinvesting.org.
This press 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.