Market Overview

Connecticut Water Service, Inc. Declares Cash Dividend

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CLINTON, Conn., Aug. 17, 2018 (GLOBE NEWSWIRE) -- Connecticut Water Service, Inc. (NASDAQ:CTWS) (the "Company") today announced that its board of directors declared a quarterly cash dividend of $0.3125 per common share payable on Sept. 18, 2018, for shareholders of record as of Sept. 4, 2018. This quarterly dividend remains unchanged from the previous quarter and represents an annualized dividend of $1.25 per share.

The Company has a dividend reinvestment plan and a common stock purchase plan available to new investors, registered shareholders, and customers and employees of the Company's regulated water utility subsidiaries. Additional information about the DRIP and a plan prospectus are available on the Investors page of the Company's website, http://ir.ctwater.com, or upon request.

About the Company
The Company is one of the 10 largest U.S.-based publicly traded water utilities, and it is listed on the Nasdaq Global Select Market under the ticker symbol CTWS. Through its regulated utility subsidiaries, the Company serves more than 135,000 water customers, or more than 425,000 people in 80 communities across Connecticut and Maine, and more than 3,000 wastewater customers in Southbury, Connecticut.


This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Some of these forward-looking statements can be identified by the use of forward-looking words such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "estimates," "projects," "strategy," or "anticipates," or the negative of those words or other comparable terminology.

The accuracy of such statements is subject to a number of risks, uncertainties and assumptions including, but not limited to, the following factors: (1) the risks associated with the proposed merger between the Company and SJW Group; (2) the effect of water, utility, environmental and other governmental policies and regulations; (3) litigation relating to the proposed merger; (4) changes in demand for water and other products and services of the Company; (5) unanticipated weather conditions; (6) catastrophic events such as fires, earthquakes, explosions, floods, ice storms, tornadoes, terrorist acts, physical attacks, cyber attacks, or other similar occurrences that could adversely affect the Company's facilities, operations, financial condition, results of operations, and reputation; (7) risks that the proposed merger disrupts the current plans and operations of the Company; (8) potential difficulties in employee retention as a result of the proposed merger; (9) unexpected costs, charges or expenses resulting from the proposed merger; (10) the effect of the announcement or pendency of the proposed merger on the Company's business relationships, operating results, and business generally, including, without limitation, competitive responses to the proposed merger; (11) risks related to diverting management's attention from ongoing business operations of the Company; (12) the trading price of the Company's common stock; and (13) legislative and economic developments.

In addition, actual results are subject to other risks and uncertainties that relate more broadly to the Company's overall business and financial condition, including those more fully described in the Company's filings with the U.S. Securities and Exchange Commission, including, without limitation, its annual report on Form 10-K for the fiscal year ended December 31, 2017 and its quarterly report on Form 10-Q for the period ended June 30, 2018. Forward-looking statements are not guarantees of performance, and speak only as of the date made, and neither the Company nor its management undertakes any obligation to update or revise any forward-looking statements except as required by law.

News media contact:

Daniel J. Meaney, APR
Director of Corporate Communications
Connecticut Water Service, Inc.
93 West Main Street, Clinton, CT 06413-1600
(860) 664-6016

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