Pennichuck Corporation Announces Fourth Quarter 2009 Common Dividend

MERRIMACK, NH–(Marketwire – November 4, 2009) – Pennichuck Corporation (NASDAQ: PNNW) today
announced that the Company’s Board of Directors declared a quarterly
dividend of $0.175 per share payable on December 1, 2009 to shareholders of
record as of November 16, 2009. This quarterly dividend remains unchanged
from the previous quarter and results in an annualized dividend rate of
$0.70 per share.

Duane C. Montopoli, President and Chief Executive Officer of Pennichuck
Corporation, noted that the Company’s next dividend reinvestment date under
its Dividend Reinvestment and Common Stock Purchase Plan is December 1,
2009. Shareholders wishing to purchase additional shares under that plan
should ensure that their payment is received by the Company’s transfer
agent (American Stock Transfer & Trust Company) no later than November 27,
2009. Additional information about the Company’s Dividend Reinvestment and
Common St