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Connecticut Water Dividend Raised by 4% at New England Utility

Connecticut Water Service Inc. (CTWS), 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.

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

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

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