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Investor Info 2000
For Immediate
Release: Friday, October 6, 2000
Pennichuck Corporation Announces Fourth Quarter Maurice
L. Arel, President and Chief Executive Officer of Pennichuck Corporation,
announced today that the Company's Board of Directors declared a quarterly
dividend of $.25 per share payable on November 15, 2000 to shareholders
of record as of November 1, 2000. That dividend is a $.01 per share increase
over the previous quarter, resulting in an annualized dividend rate of
$1.00 per share. The year 2000
marks the 83rd consecutive year that Pennichuck has paid a
dividend to its shareholders. Pennichuck
Corporation, a New Hampshire corporation, is a holding company whose operating
subsidiaries are involved in diversified activities such as water supply
and distribution, operations and maintenance contracts and real estate
development and management. Pennichuck is traded on the Nasdaq National
Market System under the symbol “PNNW”. |