Last $32.79 USD
Change Today -0.09 / -0.27%
Volume 34.8K
CTWS On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
OTC US
As of 8:10 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

connecticut water svc inc (CTWS) Snapshot

Open
$32.91
Previous Close
$32.88
Day High
$33.09
Day Low
$32.51
52 Week High
12/24/13 - $36.45
52 Week Low
09/6/13 - $30.29
Market Cap
364.0M
Average Volume 10 Days
22.6K
EPS TTM
$1.97
Shares Outstanding
11.1M
EX-Date
08/28/14
P/E TM
16.6x
Dividend
$1.03
Dividend Yield
3.02%
Current Stock Chart for CONNECTICUT WATER SVC INC (CTWS)

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connecticut water svc inc (CTWS) Details

Connecticut Water Service, Inc., through its subsidiaries, operates as a regulated water company. The company operates in three segments: Water Activities, Real Estate Transactions, and Services and Rentals. The Water Activities segment supplies public drinking water. The Real Estate Transactions segment is involved in the sale or donation of its real estate holdings. The Services and Rentals segment provides contracted services to water and wastewater utilities, and other clients. Its services include contract operations of water and wastewater facilities; Linebacker, a service line protection plan for public drinking water customers; and providing bulk deliveries of emergency drinking water to businesses and residences through tanker trucks. This segment also rents and leases residential and commercial properties to third parties. As of December 31, 2013, the company supplied water to 121,768 customers in Connecticut and Maine, the United States. Connecticut Water Service, Inc. was founded in 1956 and is headquartered in Clinton, Connecticut.

259 Employees
Last Reported Date: 03/17/14
Founded in 1956

connecticut water svc inc (CTWS) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $424.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $264.7K
Vice President of Human Resources and Corpora...
Total Annual Compensation: $220.0K
Vice President of Customer & Regulatory Affai...
Total Annual Compensation: $228.6K
Compensation as of Fiscal Year 2013.

connecticut water svc inc (CTWS) Key Developments

Connecticut Water Service Inc. Declares Increased Quarterly Cash Dividend, Payable on September 16, 2014

Connecticut Water Service Inc. announced that the company's board of directors has approved an annualized dividend increase of 4 cents per common share, or 4.0%, above the current cash dividend. The quarterly cash dividend on common shares was increased to $0.2575 per quarter from $0.2475. The increased dividend will be effective with the dividend declared by the board on common shares payable on September 16, 2014, for shareholders of record as of September 2, 2014.

Connecticut Water Service Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Connecticut Water Service Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported operating revenues of $25,459,000 against $22,545,000 a year ago. Total revenues were $27,286,000 against $24,331,000 a year ago. Net income applicable to common shareholders was $7,480,000 against $4,300,000 a year ago. Diluted earnings per average common share were $0.67 against $0.39 a year ago. Book value per share was $18.39 against $17.11 a year ago. For the six months, the company reported operating revenues of $45,719,000 against $42,274,000 a year ago. Total revenues were $49,318,000 against $45,848,000 a year ago. Net income applicable to common shareholders was $10,457,000 against $6,904,000 a year ago. Diluted earnings per average common share were $0.94 against $0.63 a year ago. Book value per share was $18.39 against $17.11 a year ago.

Connecticut Water Service, Inc. Declares Quarterly Dividend on Common Shares Payable on June 16, 2014 and Preferred Shares Payable on July 16, 2014 and August 4, 2014

Connecticut Water Service Inc. Board of Directors declared a quarterly cash dividend of $0.2475 per common share payable on June 16, 2014, for shareholders of record as of June 2, 2014. This quarterly dividend remains unchanged from the previous quarter and represents an annualized dividend of $0.99 per share. The Board also declared a quarterly cash dividend of $0.20 per share on Preferred A shares payable on July 16, 2014, for shareholders of record as of July 2, 2014, and a quarterly cash dividend of $0.225 on Preferred 90 shares payable on August 4, 2014, for shareholders of record as of July 21, 2014.

 

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Industry Analysis

CTWS

Industry Average

Valuation CTWS Industry Range
Price/Earnings 16.7x
Price/Sales 3.8x
Price/Book 1.8x
Price/Cash Flow 11.1x
TEV/Sales 1.8x
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