SouthWest Water Company Doubles Cash Dividend on Common Stock
24 10월 2009 - 1:30AM
Business Wire
SouthWest Water Company (Nasdaq:SWWC) today announced that its
board of directors has raised the company’s quarterly cash dividend
on its common stock to $0.05 per share from $0.025 per share,
representing a 100% increase.
Mark Swatek, SouthWest Water chief executive officer, said,
"Today’s action reflects our board’s confidence in the underlying
performance of the company and our long-term business outlook.”
The board also declared a quarterly cash dividend of $0.65625
per share on the company’s Series A preferred stock. Both dividends
will be paid November 20, 2009, to stockholders of record on
November 4, 2009.
SouthWest Water Company provides a broad range of operations,
maintenance and management services, including water production,
treatment and distribution; wastewater collection and treatment;
customer service; and utility infrastructure construction
management. The company owns regulated public utilities and also
serves cities, utility districts and private companies under
contract. More than a million people in 9 states depend on
SouthWest Water for high-quality, reliable service. Additional
information may be found on the company’s Web site:
www.swwc.com.
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