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Investor
Info 2002
For
Immediate Release:
March 11, 2002
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
Second 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 May 15, 2002 to shareholders
of record as of May 1, 2002. This quarterly dividend remained unchanged
from the previous quarter and the Company's annualized dividend rate is
currently $.78 per share, as adjusted for the 4 for 3 stock split in December
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 May 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 April 15, 2002 and no later
than May 10, 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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