Philadelphia Suburban Declares June 2002 Dividend

May 3, 2002
Philadelphia Suburban Declares June 2002 Dividend BRYN MAWR, Pa., May 3, 2002 (BUSINESS WIRE) -- Philadelphia Suburban Corporation (NYSE:PSC) today declared a quarterly cash dividend payment of $.1325 per share payable on June 1, 2002 to all shareholders of record on May 14, 2002. PSC has paid dividends consecutively for 58 years.

PSC is the holding company for regulated public utilities that provide water and wastewater services to approximately two million residents in Pennsylvania, Ohio, Illinois, New Jersey, Maine, and North Carolina. PSC's common shares are traded on both the New York and Philadelphia Stock Exchanges under the ticker symbol "PSC".

The company has been committed to the preservation and improvement of the environment throughout its history, which spans more than 100 years.



CONTACT:
Philadelphia Suburban Corporation
Donna Alston, 610/645-1095
alstond@suburbanwater.com
or
Randi Polanich, 610/645-1175 polanichr@suburbanwater.com

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