January 11, 2006
IMMEDIATE RELEASE

CONNECTICUT WATER SERVICE, INC. ANNOUNCES DIVIDENDS

          Clinton, Connecticut, January 11, 2006 — Connecticut Water Service Inc. (NASDAQ:CTWS) Board of Directors approved a quarterly common stock dividend of $.2125 per share. The record date is March 1, 2006 and the payable date is March 15, 2006..

Dividends are also declared on the Company’s preferred stock as follows.

  • Preferred A (not publicly traded), quarterly dividend of $.20 per share, record; date is April 3, 2006 and payable date is April 17, 2006.

  • Preferred 90 (NASDAQ:CTWSP), quarterly dividend of $.225 per share; record date is April 12, 2006 and payable date is April 26, 2006.

###

For More Information:

Michele G. DiAcri
Corporate Secretary
Connecticut Water Service, Inc.
93 West Main Street
Clinton, CT 06413-1600
800.428.3985, Ext. 3015
mdiacri@ctwater.com

          This press release may contain certain forward-looking statements regarding the Company’s results of operations and financial position. These forward-looking statements are based on current information and expectations, and are subject to risks and uncertainties, which could cause the Company’s actual results to differ materially from expected results.
          Our water companies are subject to various federal and state regulatory agencies concerning water quality and environmental standards. Generally, the water industry is materially dependent on the adequacy of approved rates to allow for a fair rate of return on the investment in utility plant. The ability to maintain our operating costs at the lowest possible level while providing good quality water service is beneficial to customers and stockholders. Profitability is also dependent on the timeliness of rate relief, when necessary, and numerous factors over which we have little or no control, such as the quantity of rainfall and temperature, industrial demand, financing costs, energy rates, tax rates and stock market trends which may affect the return earned on pension assets, and compliance with environmental and water quality regulations. The profitability of our other revenue sources is subject to the amount of land we have available for sale and/or donation, the demand for the land, the continuation of the current state tax benefits relating to the donation of land for open space purposes, regulatory approval of land dispositions, the demand for telecommunications antenna site leases and the successful extensions and expansion of our service contract work. We undertake no obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.
.

 
About Us | Customer Info | Linebacker | Other Services | Media Center | Investment In Infrastructure | Investor Information | Career Opportunities
Corporate/Shoreline Office | Crystal Office | Naugatuck Office | Northern Office | Unionville Office
Connecticut Water Company
93 West Main Street
Clinton, CT 06413
1-800-286-5700 (Customer Service)
1-860-669-8630 (All Other Business)
info@ctwater.com
Copyright © 2007 Connecticut Water, Inc. - Terms and Conditions - Privacy Policy
Web Design By: Two Brothers Web Design Connecticut