Pennichuck Corporation Announces First Quarter 2011 Common Dividend
27 Janeiro 2011 - 5:00PM
Marketwired
Pennichuck Corporation (NASDAQ: PNNW) today announced that the
Company's Board of Directors declared a quarterly dividend of
$0.185 per share payable on March 1, 2011 to shareholders of record
as of February 15, 2011. This quarterly dividend remains unchanged
from the previous quarter and results in an annualized dividend
rate of $0.74 per share.
About Pennichuck Corporation
Pennichuck Corporation is a holding company involved principally
in the supply and distribution of potable water in New Hampshire
through its three regulated water utilities. Its non-regulated,
water-related activities include operations and maintenance
contracts with municipalities and private entities in New Hampshire
and Massachusetts. The Company's real estate operations are
involved in the ownership, management and commercialization of real
estate in southern New Hampshire.
Pennichuck Corporation's common stock trades on the Nasdaq
Global Market under the symbol "PNNW." Upon completion of the
transaction, Pennichuck's common stock will cease to be publicly
traded. The Company's website is at www.pennichuck.com.
Forward-Looking Statements
This news release may contain certain forward-looking statements
with respect to the financial condition, results of operations and
business of Pennichuck Corporation. Forward-looking statements are
based on current information and expectations available to
management at the time the statements are made, and are subject to
various factors, risks and uncertainties that could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements. These factors include, but are not
limited to, a future judicial or regulatory determination that
events prior to the November 11, 2010 effective date of our merger
agreement with the city of Nashua constituted a final determination
of the price to be paid under RSA 38:13 and triggered the statutory
90-day period within which Nashua was required to decide whether to
take, by eminent domain, the assets of our Pennichuck Water Works,
Inc. subsidiary; the expiration of said 90-day period without
Nashua having made any such decision; the outcome of requests for
rate relief from the NHPUC from time to time; legislation and/or
regulation and accounting factors affecting Pennichuck
Corporation's financial condition and results of operations; the
availability and cost of capital, including the impact on our
borrowing costs of changes in interest rates; and, the impact of
weather. Investors are encouraged to access Pennichuck
Corporation's annual and quarterly periodic reports filed with the
Securities and Exchange Commission for financial and business
information regarding Pennichuck Corporation, including a more
detailed discussion of these and other risks and uncertainties that
could affect Pennichuck Corporation's forward-looking statements.
We undertake no obligation to update or revise publicly any
forward-looking statement.
For More Information, Contact: Thomas C. Leonard Senior
Vice President, Treasurer and Chief Financial Officer Phone:
603-913-2300 Fax: 603-913-2305
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