WORCESTER, Mass. -- (Business Wire)
Providence and Worcester Railroad Company (NASDAQ: “PWX”) announced
that, at its regular quarterly meeting on January 30, 2013, the Board of
Directors of the Company declared a dividend of $.04 per share on the
outstanding Common Stock of the Company, payable on February 27, 2013 to
common shareholders of record on February 13, 2013.
In addition, the Board of Directors declared a 10% noncumulative annual
dividend of $5.00 per share on the outstanding preferred stock of the
Company, payable on February 27, 2013 to preferred shareholders of
record on February 13, 2013.
The Company has decided to discontinue indefinitely the practice of
issuing press releases concerning dividend announcements effective
immediately. In the future, please consult Providence and Worcester
Railroad Company’s website, www.pwrr.com,
for announcements concerning dividends at the link titled “Company
This release contains “forward-looking statements” within the meaning of
section 21E of the Securities and Exchange Act of 1934, as amended.
These forward-looking statements represent the Company’s present
expectations or beliefs concerning future events. The Company cautions
that such statements are necessarily based on certain assumptions which
are subject to risks and uncertainties, including, but not limited to,
changes in general economic condition, and changing competition which
could cause actual results to differ materially from those indicated
herein. Further information on these risk factors is included in the
Company’s filings with the Securities and Exchange Commission.
Providence and Worcester Railroad Company
Marie A. Angelini,
508-755-4000, ext. 365
Source: Providence and Worcester Railroad Company