Connecticut Water Dividend Raised by 4% at New England Utility

Aug 15, 2014 11:27 am ET

Aug. 15 (Bloomberg) -- Connecticut Water Service Inc., the largest publicly traded water company in New England, today raised its annual dividend by 4 percent to $1.03 a share.

The Clinton, Connecticut-based utility that supplies drinking water to about 400,000 people in the Northeast on Aug. 11 reported second-quarter revenue rose 12 percent to $27.3 million as net income increased mostly due to the application of the Water Revenue Adjustment in the six months ending June.