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Aqua America Declares Its First Dividend of 2013

Saturday - 2/2/2013, 4:40pm  ET

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.

This article was originally published as Aqua America Declares Its First Dividend of 2013on Fool.com

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