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Investor
Info 2002
For
Immediate Release:
December 17, 2001
Contact:
Maurice L. Arel, President and Chief Executive Officer
Charles J. Staab, VP, Treasurer and Chief Financial Officer
Phone: 603-882-5191
Fax: 603-882-4125
Pennichuck
Corporation Announces
First Quarter 2002 Common Dividend
Maurice L.
Arel, President and Chief Executive Officer of Pennichuck Corporation,
announced today that the Company's Board of Directors recently declared
a quarterly dividend of $.195 per share payable on February 15, 2002 to
shareholders of record as of February 1, 2002. This quarterly dividend
remained unchanged from the previous quarter and the Company's annualized
dividend rate is currently $0.78 per share, as adjusted for the four for
three stock split effective on December 3, 2001. Mr. Arel also noted that
the Company’s next dividend reinvestment date under the Company’s Common
Stock Purchase and Dividend Reinvestment Plan is February 15, 2002. Any
shareholders wishing to purchase additional shares under that plan should
ensure that their payment is received by the Company’s transfer agent
no sooner than February
1anuary
22, 2002 and no later than February 9, 2002.
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,
laboratory testing and real estate development and management. Pennichuck
is traded on the Nasdaq National Market System under the symbol “PNNW”.
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