Pennichuck Corporation Announces First Quarter 2006 Common Dividend
February 07 2006 - 12:50PM
Business Wire
Donald L. Correll, President and Chief Executive Officer of
Pennichuck Corporation, (NASDAQ: PNNW) announced that the company's
Board of Directors declared a quarterly dividend of $0.165 per
share payable on March 1, 2006 to shareholders of record as of
February 15, 2006. This quarterly dividend remains unchanged from
the previous quarter and results in an annualized dividend rate of
$0.66 per share. Mr. Correll also noted that the Company's next
dividend reinvestment date under the Company's Dividend
Reinvestment and Common Stock Purchase Plan is March 1, 2006.
Shareholders wishing to purchase additional shares under that plan
should ensure that their payment is received by the Company's
transfer agent (American Stock Transfer & Trust Company) no
later than February 24, 2006. Additional information about the
Company's Dividend Reinvestment and Common Stock Purchase Plan is
contained in the Plan prospectus which is available upon request to
American Stock Transfer & Trust Company or online at
www.amstock.com. Pennichuck Corporation is a holding company
involved principally in the supply and distribution of potable
water in southern and central 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 development of real estate in the
greater Nashua, New Hampshire area. Pennichuck Corporation's common
stock trades on the Nasdaq NMS under the symbol "PNNW". The
Company's website is at www.pennichuck.com. This news release
contains 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, timing
and results of eminent domain proceedings before the New Hampshire
Public Utilities Commission, and the impact thereof on consolidated
business operations; timing and amount of regulated water utility
rate relief; changes in general economic conditions, legislation or
regulation and accounting factors affecting Pennichuck
Corporation's financial condition and results of operations; the
timing and impact of acquisitions and new service contracts; 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.
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