Aqua America Sees More Dividend Increases Next Year

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Aqua America Inc., the second-largest publicly traded U.S. water company, sees more dividend increases in the next year after raising the payments twice in nine months.

Aqua America, which reported a 23 percent rise in first-quarter net income on May 1, “can afford a nice-sized dividend,” Nick DeBenedictis, chairman and chief executive officer of the Bryn Mawr, Pennsylvania-based company, said in an interview at Bloomberg’s headquarters in New York today.