Aqua America 9% Cash Dividend Increase, 5-for-4 Stock Split Effective Sept. 1

(RTTNews) - Aqua America, Inc. (WTR) said Tuesday that the 9% cash dividend increase and the five-for-four stock split approved by its Board of Directors on May 8 was effective on September 1, and priced with the market opening on September 3 to shareholders of record on August 16.

The increased September 1 dividend will be applied to the shares prior to the stock split. The annualized dividend rate after the increase is equivalent to $0.76 per share, or $0.06 more than its current annualized dividend rate of $0.70 per share. The equivalent quarterly dividend rate after the stock split would be $0.152 per share on the increased number of shares resulting from the stock distribution or $0.608 per share on an annualized basis.

The stock split will be effected through a stock distribution of one share for each four shares outstanding as of August 16.

This is the 23rd cash dividend increase granted by the company in the last 22 years and the seventh stock split in 17 years.