Aqua America has declared its latest quarterly dividend. The company is to disburse $0.175 per share on March 1 to stockholders of record as of the close of Feb. 15.
In doing so, the Pennsylvania-based utility has kept its payout equal with that of its most recent disbursement, which was paid in November. Before that, it was a penny lower at $0.165.
At an annualized rate, Aqua America's dividend produces a yield of 2.6% on the current share price.
In the news release announcing the new disbursement, the company pointed out that it has paid a quarterly dividend for more than 65 years.
The article Aqua America Declares Its First Dividend of 2013 originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Aqua America. The Motley Fool recommends Aqua America. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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