BRYN MAWR, Pa.--(BUSINESS WIRE)--
Aqua America, Inc. (NYSE: WTR) announced today that the Board of
Directors unanimously voted to renew Aqua's longstanding Dividend
Reinvestment and Direct Stock Purchase Plan ("Plan"). As part of this
administrative renewal, 6 million shares have been reserved for issuance
under the Plan. The shares to be issued under the Plan are currently
purchased on the open market and do not impact the company's goal to
eliminate equity dilution.
Through the Plan, dividends on up to a maximum of 100,000 shares per
Plan participant will continue to be reinvested at a 5 percent discount.
The Board of Directors has the authority to adjust the discount rate
within a range of 0 to 5 percent, but does not expect to make any
adjustments at this time.
Nicholas DeBenedictis, Chairman and CEO said, "We are proud of the
Board's decision to renew the very popular Dividend Reinvestment and
Direct Stock Purchase Plan for our registered shareholders. Dividend
Reinvestment Plans are unique investment opportunities and we believe
this type of plan is attractive to our registered shareholders. As of
June 30, 2014, more than 82 percent of our registered shareholders
currently participate in the dividend reinvestment plan."
This press release shall not constitute an offer to sell or a
solicitation of offers to buy any securities. The offering is being made
only by means of a Plan prospectus. Anyone seeking a Plan prospectus and
enrollment application should visit AquaAmerica.com
or call 800.205.8314 and read the prospectus carefully before making any
investment decisions.
Aqua America is one of the largest U.S.-based, publicly traded water
utilities and serves nearly 3 million people in Pennsylvania, Ohio,
North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia. Aqua
America is listed on the New York Stock Exchange under the ticker symbol
WTR. Visit AquaAmerica.com
for more information.
WTRF
Aqua America, Inc.
Brian Dingerdissen
Director, Investor
Relations
O: 610-645-1191
BJDingerdissen@AquaAmerica.com
or
Donna
Alston
Manager, Communications
O: 610-645-1095
M:
484-368-4720
DPAlston@AquaAmerica.com
Source: Aqua America, Inc.
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