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SouthWest Water Ups Common Share Dividend By 100%

October 26, 2009 (FinancialWire) — SouthWest Water Co.’s (NASDAQ: SWWC) board has raised the company’s quarterly cash dividend on its common stock to $0.05 per share from $0.025 per share, a 100% increase.

The board also declared a quarterly cash dividend of $0.65625 per share on the company’s series A preferred stock. Both dividends will be paid November 20 to stockholders of record on November 4.

Los Angeles-based SouthWest Water provides a range of operations, maintenance and management services, including water production, treatment and distribution, wastewater collection and treatment, customer service and utility infrastructure construction management.

The company owns regulated public utilities and also serves cities, utility districts and private companies under contract. SouthWest serves more than a million people in nine states.

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