Providence and Worcester Railroad Company Announces Dividends

  Providence and Worcester Railroad Company Announces Dividends

Business Wire

WORCESTER, Mass. -- February 7, 2013

Providence and Worcester Railroad Company (NASDAQ: “PWX”) announced that, at
its regular quarterly meeting on January 30, 2013, the Board of Directors of
the Company declared a dividend of $.04 per share on the outstanding Common
Stock of the Company, payable on February 27, 2013 to common shareholders of
record on February 13, 2013.

In addition, the Board of Directors declared a 10% noncumulative annual
dividend of $5.00 per share on the outstanding preferred stock of the Company,
payable on February 27, 2013 to preferred shareholders of record on February
13, 2013.

The Company has decided to discontinue indefinitely the practice of issuing
press releases concerning dividend announcements effective immediately. In the
future, please consult Providence and Worcester Railroad Company’s website,
www.pwrr.com, for announcements concerning dividends at the link titled
“Company Information Releases”.

This release contains “forward-looking statements” within the meaning of
section 21E of the Securities and Exchange Act of 1934, as amended. These
forward-looking statements represent the Company’s present expectations or
beliefs concerning future events. The Company cautions that such statements
are necessarily based on certain assumptions which are subject to risks and
uncertainties, including, but not limited to, changes in general economic
condition, and changing competition which could cause actual results to differ
materially from those indicated herein. Further information on these risk
factors is included in the Company’s filings with the Securities and Exchange
Commission.

Contact:

Providence and Worcester Railroad Company
Marie A. Angelini, 508-755-4000, ext. 365
Fax: 508-795-0748
 
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