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Investor Info 2005 For Immediate
Release: Contact:
Donald L. COrrell, President & Chief Executive Officer Pennichuck
Announces First Quarter 2005 In accordance with the Company’s long-standing dividend history, Donald L. Correll, President and Chief Executive Officer of Pennichuck Corporation, announced today that the Company's Board of Directors had declared a quarterly dividend of $.215 per share payable on March 1, 2005 to shareholders of record as of February 15, 2005. This quarterly dividend remains unchanged from the previous quarter and results in an annualized dividend rate of $.86 per share. Mr. Correll also noted that the Company’s next dividend reinvestment date under the Company’s Common Stock Purchase and Dividend Reinvestment Plan is March 1, 2005. Shareholders wishing to purchase additional shares under that plan should ensure that their payment is received by the Company’s transfer agent no later than February 25, 2005. Mr. Correll also stated that the Company’s annual meeting of shareholders will be held at 9:00 am on Thursday, May 5, 2005 at the Nashua Marriott Hotel. The Board of Directors has fixed the close of business on March 24, 2005 as the record date for the determination of shareholders entitled to notice of, and to vote at, the annual meeting. 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”. |