Aqua America (WTR) will raise its quarterly dividend by 7 percent to $0.2047 per share. The new dividend is payable Sept. 1, 2017 to all shareholders of record on Aug. 16, 2017.

“We have a long commitment to providing safe and reliable service to our valued customers while enhancing value for our shareholders,” said Aqua America’s President and Chief Executive Officer Christopher Franklin. “The board’s decision to increase the quarterly dividend reflects its confidence in the company’s future performance.”

Aqua America, Inc. is the holding company for regulated utilities providing water or wastewater services to people in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia. In addition, the company’s market-based activities are conducted through Aqua Infrastructure, LLC and Aqua Resources, Inc. Aqua Infrastructure provides non-utility raw water supply services for firms in the natural gas drilling industry. Aqua Resources provides water service through operating and maintenance contracts with a municipal authority and another party close to our utility companies’ service territory; and offers, through a third-party, water and sewer line protection solutions and repair services to households.