Nov 24 2014
Connecticut Water Company Flushing Water Mains in Clinton
The Connecticut Water Company is flushing its water mains in the town of Clinton through December 12, 2014. Routine flushing helps to maintain water quality by scouring the inside of the water mains.
Water mains will be flushed between the hours of 8 a.m. and 4:30 p.m. Flushing will not be done on Thanksgiving Day or the day after.
Nov 14 2014
Connecticut Water Service, Inc. Board Declares Dividends and Approves 2015 Capital Spending Plan
Connecticut Water Service, Inc. (NASDAQ-GS: CTWS) announced today that the Company’s Board of Directors declared a quarterly cash dividend of $0.2575 per common share payable on December 15, 2014, for shareholders of record as of December 1, 2014. This quarterly dividend remains unchanged from the previous quarter and represents an annualized dividend of $1.03 per share. CTWS’s annual dividend yield at the stock market closing on Thursday, November 13, 2014, was 2.8%. 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 45 years.
Nov 10 2014
Connecticut Water Service, Inc. Subsidiary Files Rate Increase Request
The Maine Water Company (Maine Water), a subsidiary of Connecticut Water Service, Inc. (NASDAQ:CTWS), has filed a request with the Maine Public Utilities Commission (MPUC) for an overall increase in annual operating revenues in its largest division. Maine Water is requesting an increase of approximately $1.7 million over current revenues of $4.6 million in its Biddeford and Saco Division to recover costs of increased capital investment as well as increased operating expenses. The amount requested in the case is $700,000 less in the first year than would otherwise have been required due to adoption of IRS guidance on its repair tax regulations.
Nov 07 2014
Connecticut Water Service Reports Nine Month and Third Quarter Earnings
Connecticut Water Service, Inc. (NASDAQ GS: CTWS) announced net income of $18.9 million on total revenues of $78.7 million in all three of the Company’s business segments through the first nine months of 2014. This was an increase of approximately 15.6% from the $16.4 million of net income reported on total revenues of $75.4 million in the same segments during the same period of 2013. Connecticut Water’s earnings per basic average share (EPS) in the first nine months of 2014 was $1.74 compared to EPS of $1.51 during the same period of 2013, an increase of 15.2%.
Oct 31 2014
Connecticut Water Company Appoints David Connors as Director of Engineering
Connecticut Water Company welcomes licensed professional engineer, David Connors, as appointed Director of Engineering. Mr. Connors joined Connecticut Water with nearly 20 years of water supply experience; and is well known and respected amongst industry professionals through his active involvement in Connecticut Section of the American Water Works Association, Connecticut Water Works Association, and other industry associations.