Pennichuck Corporation Announces First Quarter 2007 Common Dividend.MERRIMACK, N.H. -- Duane C. Montopoli, President and Chief Executive Officer of Pennichuck Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PNNW), today announced that the Company's Board of Directors declared a quarterly dividend of $0.165 per share payable on March 1, 2007 to shareholders of record as of February 15, 2007. This quarterly dividend remains unchanged from the previous quarter and results in an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. dividend rate of $0.66 per share. Mr. Montopoli also noted that the Company's next dividend reinvestment date Reinvestment date The date on which an investment's dividend or capital gains income is reinvested, if requested by the shareholder, to purchase additional shares. Also known as the ex-dividend date. under its Dividend Reinvestment and Common Stock Purchase Plan is March 1, 2007. Shareholders wishing to purchase additional shares under that plan should ensure that their payment is received by the Company's transfer agent (American Stock Transfer & Trust Company) no later than February 26, 2007. Additional information about the Company's Dividend Reinvestment and Common Stock Purchase Plan is contained in the Plan prospectus which is available upon request from American Stock Transfer & Trust Company or online at www.amstock.com. Pennichuck Corporation is a holding company involved principally in the supply and distribution of potable potable /pot·a·ble/ (po´tah-b'l) fit to drink. po·ta·ble adj. Fit to drink; drinkable. potable fit to drink. water in southern and central New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). through its three regulated water utilities. Its non-regulated water-related activities include operations and maintenance contracts with municipalities and private entities in New Hampshire and Massachusetts. The Company's real estate operations are involved in the ownership, management and development of real estate in the greater Nashua, New Hampshire Nashua is a city in Hillsborough County, New Hampshire, USA. As of the 2000 census, Nashua had a total population of 86,605[1], making it the second largest city in the state after Manchester. As of 2005, the population is estimated to be 87,986. area. Pennichuck Corporation's common stock trades on the Nasdaq Stock Exchange under the symbol "PNNW". The Company's website is at www.pennichuck.com. This news release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of Pennichuck Corporation. Forward-looking statements are based on current information and expectations available to management at the time the statements are made, and are subject to various factors, risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, but are not limited to, timing and results of eminent domain eminent domain, the right of a government to force the owner of private property sell it if it is needed for a public use. The right is based on the doctrine that a sovereign state has dominion over all lands and buildings within its borders, which has its origins in proceedings before the NPUC NPUC North Pacific Union Conference (Seventh-day Adventist Church) NPUC Norwich Pop Underground Convention (UK) NPUC New Paradigms in Using Computers (IBM Almaden Research Center) , and the impact thereof on consolidated business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets ; timing and amount of regulated water utility rate relief; changes in general economic conditions, legislation or regulation and accounting factors affecting Pennichuck Corporation's financial condition and results of operations; and the impact of weather. Investors are encouraged to access Pennichuck Corporation's annual and quarterly periodic reports filed with the Securities and Exchange Commission for financial and business information regarding Pennichuck Corporation, including a more detailed discussion of these and other risks and uncertainties that could affect Pennichuck Corporation's forward-looking statements. |
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