February 8, 2013
P&W Announces Dividends
The Providence & Worcester Railroad Co. will pay a 4-cents-per-share dividend, it announced.
The company also announced that it will pay a 10 percent, noncumulative annual dividend of $5 per share. Both will be payable Feb. 27.
For its first three quarters of fiscal 2012, P&W's revenues were down slightly year over year, from $23.4 million to $23.1 million. Profit for that period was $1.8 million, up from $326,000 a year ago.
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