BRYN MAWR, Pa.--(BUSINESS WIRE)--The Board of Directors of Aqua America, Inc. (NYSE: WTR) declared a quarterly cash dividend payment of $0.165 per share payable on December 1, 2014, to all shareholders of record on November 14, 2014.
The December dividend payment of $0.165 per share represents a $0.013, or 8.6 percent, increase over the December 2013 dividend payment of $0.152. The annual dividend rate is now at $0.66 per year compared to $0.608 at the same time in the previous year. Aqua has paid a consecutive quarterly dividend for more than 69 years. The company has raised the quarterly dividend 24 times in the last 23 years.
Aqua America is one of the largest U.S.-based, publicly traded water utilities and serves nearly 3 million people in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia. Aqua America is listed on the New York Stock Exchange under the ticker symbol WTR. Visit AquaAmerica.com for more information.