BRYN MAWR, Pa.--(BUSINESS WIRE)--
Aqua America, Inc. (NYSE: WTR) is reminding shareholders that the 9
percent cash dividend increase and the five-for-four stock split
approved by its Board of Directors on May 8, 2013, was effective on
September 1, 2013, and priced with the market opening on September 3,
2013, to shareholders of record on August 16, 2013.
The increased September 1, 2013 dividend will be applied to the shares
prior to the stock split. The annualized dividend rate after this
increase is equivalent to $0.76 per share, or $0.06 more than its
current annualized dividend rate of $0.70 per share. The equivalent
quarterly dividend rate after the stock split would be $0.152 per share
on the increased number of shares resulting from the stock distribution
or $0.608 per share on an annualized basis. The stock split will be
effected through a stock distribution of one share for each four shares
outstanding as of August 16, 2013.
This is the 23rd cash dividend increase granted by the company in the
last 22 years and the seventh stock split in 17 years.
Aqua America is one of the largest U.S.-based, publicly-traded water
utilities and serves almost 3 million residents in Pennsylvania, Ohio,
North Carolina, Illinois, Texas, New Jersey, Indiana, Virginia, Florida
and Georgia. Aqua America is listed on the New York Stock Exchange under
the ticker symbol WTR. Visit www.aquaamerica.com
for more information.
This release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including, among
others: the amount and date of the dividend increase and stock split and
the projected annualized dividend rate. There are important factors that
could cause actual results to differ materially from those expressed or
implied by such forward-looking statements including: general economic
business conditions; availability and the cost of capital; disruptions
in the credit markets; the success of growth initiatives; and other
factors discussed in our Annual Report on Form 10-K for the period
ending December 31, 2012, which is on file with the SEC. We undertake no
obligation to publicly update or revise any forward-looking statement.
WTRF
Aqua America, Inc.
Brian Dingerdissen
Director, Investor
Relations
610-645-1191
bjdingerdissen@aquaamerica.com
or
Donna
Alston
Manager, Communications
610-645-1095
dpalston@aquaamerica.com
Source: Aqua America, Inc.
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