Connecticut Water Raises Quarterly Dividend After Maine Purchase

Connecticut Water Service Inc. (CTWS), which agreed last month to expand in New England by buying Maine-based Biddeford & Saco Water Co. (BDDD), announced it was raising its quarterly dividend 2.1 percent to $0.2425 per share.

The higher dividend will be effective for shareholders of record as of Sept. 3, the company, which has increased dividend payments for 43 years, said today in a statement

To contact the reporter on this story: Randall Hackley in Zurich at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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