Current News Releases

August 12, 2010

Connecticut Water Service, Inc. Increases Dividend

Connecticut Water Service, Inc. (NASDAQ GS: CTWS) announced that the Company’s Board of Directors approved an annualized dividend increase of two cents per common share, or 2.2%, above the current cash dividend. The quarterly cash dividend on common shares was increased to $0.2325 per quarter from $0.2275. The increased dividend will be effective with the dividend declared by the Board on common shares payable on September 15, 2010, for shareholders of record as of September 1, 2010. The Company’s annual dividend yield is about 4.3%.

August 9, 2010

Connecticut Water Service, Inc. Reports Q2 Earnings

Connecticut Water Service, Inc. (NASDAQ GS: CTWS) announced net income of $2.3 million and earnings per basic average share (EPS) of $0.28 for the second quarter of 2010, compared to net income of $2.3 million and EPS of $0.27 for the second quarter of 2009. Total revenue grew to $17.5 million from $16.7 million, an increase of $784,000, or 5%. Total revenue includes all revenues generated by the Company’s three business segments: Water Activities, Services and Rentals, and Real Estate.

July 8, 2010

Annual Water Quality Report Available from Connecticut Water

Connecticut Water recently mailed its 2009 Water Quality Report to nearly 90,000 customers that are served by the company.

June 11,2010

Customers Give Connecticut Water High Marks for Service

Connecticut Water achieved an overall customer satisfaction rating of 89.9 percent in the company’s semi-annual Customer Satisfaction Survey, representing a slight increase over 2009’s year-end results of 89 percent.

June 9, 2010

Connecticut Water's Kevin Walsh Receives New England Water Works Leadership Award

Kevin T. Walsh, Connecticut Water’s Director, Technical & Environmental Services, recently received the New England Water Works Association's (NEWWA) State Leadership Award.

May 24, 2010

Connecticut Water Sponsors Connecticut Trails Day Hikes June 5

Connecticut Water is leading two hikes on its watershed properties in Killingworth and Tolland on Saturday, June 5, as part of this year’s sponsorship of the Connecticut Forest & Park Association’s Connecticut Trails Day 2010.

May 17, 2010

Connecticut Water Service, Inc. Elects Directors and Declares Dividends

Clinton, Connecticut, May 17, 2010 – Shareholders of Connecticut Water Service, Inc. (NASDAQ GS:CTWS) elected a slate of three directors and ratified the Audit Committee’s selection of PricewaterhouseCoopers LLP as independent auditors for 2010, at the Company’s Annual Meeting of Shareholders held on May 14, 2010 in Groton, Connecticut. The Board of Directors declared a quarterly cash dividend of $ 0.2275 per common share payable on June 15, 2010, for shareholders of record as of June 1, 2010.

May 10, 2010

Connecticut Water Service, Inc. Reports Q1 Earnings

Connecticut Water Service, Inc. (NASDAQ GS: CTWS) announced net income of $1.1 million, or $0.12 per basic common share, on total revenues of $15.2 million in the first quarter of 2010. This is a slight decrease of $74,000, or $0.01 per basic common share, on total revenues of $14.7 million recorded in the first quarter of 2009. Total revenues include all revenues generated by the Company’s three business segments: Water Activities, Services and Rentals, and Real Estate.

April 30, 2010

Connecticut Water Employees Plant Low-Water Demonstration Gardens to Promote Water Conservation

Connecticut Water employees recently planted three demonstration gardens to commemorate Earth Day and to create awareness for a gardening technique that provides for more water efficient landscaping.

March 30, 2010

Shenipsit Lake Recreation Program Opens April 17

The Connecticut Water Company and the Shenipsit Lake Association (SLA) announce that boats will be accepted at the Lake Shenipsit boat storage area located on Ellington Road in Tolland beginning at 6 a.m. on Wednesday, April 14, for those who wish to use their boats in the Shenipsit Lake Recreation program this season.

March 16, 2010

Connecticut Water Service, Inc. Reports Fourth Quarter and 2009 Earnings

Connecticut Water Service, Inc. (NASDAQ GS: CTWS) announced 2009 net income of $10.2 million, or $1.20 per basic common share, on operating revenues of $59.4 million. In 2008, the Company reported net income of $9.4 million, or $1.12 per basic common share, on operating revenues of $61.3 million. The gain in net income came despite decreased earnings in 2009 in the Water Activities Segment, the Company’s largest business segment that is comprised of its regulated utility operations. In 2009, the Water Activity Segment generated $7.8 million of net income, or $0.93 per basic common share, on revenues of $60.6 million. In 2008, the Water Activity Segment generated $8.8 million of net income, or $1.05 per basic, on revenues of $62.3 million.

February 16, 2010

Connecticut Water to Acquire Assets of Jensen Communities' Water Systems in Killingworth and Mansfield

The Connecticut Water Company (CWC), a wholly owned subsidiary of Connecticut Water Service, Inc. (NASDAQ GS:CTWS), has purchased the water systems of Jensen Communities’ properties in Killingworth and Mansfield, Connecticut.  

January 27, 2010

Connecticut Water Service, Inc. Declares Dividends

Connecticut Water Service, Inc. (NASDAQ-GS: CTWS) today announced that its Board of Directors declared a quarterly cash dividend of $0.2275 per common share payable on March 15, 2010 for shareholders of record as of Marchr 1, 2010. This quarterly dividend remains unchanged from the previous quarter and represents an annualized dividend of $0.91. The Company’s annual dividend yield at Wednesday’s stock market closing price is about 4%. Connecticut Water has paid quarterly dividends on common stock since its founding in 1956 without interruption or reduction and has increased dividend payments for each of the last 40 years.

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