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Aqua America Announces a 6.9 Percent Cash Dividend Increase Payable December 1, 2010

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^{Published in Business and Finance on Tuesday, August 3rd 2010 at 21:02 GMT by Market Wire}  

BRYN MAWR, Pa.--([ BUSINESS WIRE ])--Aqua Americaa™s (NYSE:WTR) Board of Directors today declared a dividend increase of $0.01 per share from $0.145 per share to $0.155 per share for the December 1, 2010 quarterly dividend, to all shareholders of record on November 17, 2010. This represents a 6.9 percent increase to the quarterly dividend. This increase is equivalent to $0.04 above the companya™s current annualized dividend rate of $0.58 to $0.62.

"The Board approved this action after a strategic session to review the companya™s five-year business plan. This decision demonstrates the Boarda™s continued confidence in the long-term growth potential of our business model."

The Board also declared the regular $0.145 per share quarterly common stock cash dividend to be paid on September 1, 2010 to shareholders of record on August 17, 2010. Aqua has paid a consecutive quarterly dividend for more than 60 years.

This is the companya™s twentieth dividend increase in 19 years. Aqua America Chairman and CEO Nicholas DeBenedictis said, aThe Board approved this action after a strategic session to review the companya™s five-year business plan. This decision demonstrates the Boarda™s continued confidence in the long-term growth potential of our business model.a

Aqua America, Inc. is a U.S.-based publicly traded water and wastewater utility holding company, serving approximately three million people in Pennsylvania, New York, Ohio, North Carolina, Illinois, Texas, Florida, New Jersey, Indiana, Virginia, Maine, Missouri, South Carolina and Georgia. Aqua America is listed on the New York Stock Exchange under the ticker symbol WTR.

This release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, reference to the companya™s confidence in its long-term growth business model. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: general economic business conditions, unfavorable weather conditions, the success of certain cost containment initiatives, changes in regulations or regulatory treatment, availability and the cost of capital, the success of growth initiatives, and other factors discussed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2009 which is on file with the SEC. We undertake no obligation to publicly update or revise any forward-looking statement.

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