Connecticut Water Service (CTWS) Declares $0.2825 Quarterly Dividend; Capital Spending Plan for FY17 Approved
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Go back to Connecticut Water Service (CTWS) Declares $0.2825 Quarterly Dividend; Capital Spending Plan for FY17 Approved
November 10, 2016 4:45 PM EST
CLINTON, CONNECTICUT, Nov. 10, 2016 (GLOBE NEWSWIRE) -- Connecticut Water Service, Inc. (NASDAQ-GS: CTWS) announced today that the Companys Board of Directors approved an overall $55.4 million Capital Spending Plan for 2017 with $46.7 million for The Connecticut Water Company (Connecticut Water) and $8.7 million for The Maine Water Company (Maine Water).  Those regulated water utility subsidiaries serve about 92,000 customers, or about 315,000 people in Connecticut and about 32,000 customers, or about 85,000 people in Maine, respectively.
Approximately 40% of the capital spending planned for 2017, or $22.2 million, is allocated for pipeline replacement and other projects eligible through Connecticuts Water... More
