Artesian Resources Corporation announces a 1.5% increase in Common Stock Dividend

Rhea-AI Summary

Artesian Resources Corporation (NASDAQ: ARTNA) has announced a 1.5% increase in its Class A and Class B Common Stock dividends, raising the annual dividend to $1.044 per share. The quarterly dividend of $0.2610 is payable on May 21, 2021, to shareholders who own shares as of May 7, 2021. This marks the company's 114th consecutive quarterly dividend and the 25th year of increased dividends. CEO Dian C. Taylor noted significant growth and strong financial results despite past challenges.

Positive

• 1.5% increase in annual dividend to $1.044 per share.
• Quarterly dividend of $0.2610 payable May 21, 2021.
• 114th consecutive quarterly dividend paid.
• 25th consecutive year of dividend increases.

Negative

• None.

NEWARK, Del., April 14, 2021 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (NASDAQ: ARTNA) announced today that its Board of Directors has approved a 1.5% increase in the company’s Class A and Class B Common Stock dividend, raising the annual dividend to $1.044 per share. The quarterly dividend of $0.2610 is payable May 21, 2021 to shareholders at the close of business on May 7, 2021. This marks Artesian’s 114^th consecutive quarterly dividend paid to shareholders and the 25^th consecutive year it has increased dividends.

“We are pleased to increase once again our dividend to our shareholders. As we have for over 115 years, we remain committed to providing safe, essential water and wastewater services to our communities while maintaining focus on our strategic initiatives. Despite the obstacles of the past year, we achieved substantial growth and strong financial results and are able to share these continued successes with our shareholders,” said Dian C. Taylor, Chair, President and CEO.

About Artesian Resources

Artesian Resources Corporation operates as a holding company of wholly-owned subsidiaries offering water and wastewater services, and related services, on the Delmarva Peninsula. Artesian Water Company, the principal subsidiary, is the oldest and largest regulated water utility on the Delmarva Peninsula and has been providing water service since 1905. Artesian supplies 8.2 billion gallons of water per year through 1,368 miles of main to over a third of Delawareans.

Contact:
Nicholle Taylor
Investor Relations
(302) 453-6900
ntaylor@artesianwater.com

FAQ

What is the new dividend amount for ARTNA?

The annual dividend for ARTNA has increased to $1.044 per share.

When will the dividend be paid for ARTNA?

The quarterly dividend will be paid on May 21, 2021.

What is the dividend payment date for ARTNA?

Shareholders must own shares by May 7, 2021, to receive the dividend.

How many consecutive dividends has ARTNA paid?

Artesian Resources Corporation has paid 114 consecutive quarterly dividends.

How many years has ARTNA increased its dividend?

ARTNA has increased its dividend for 25 consecutive years.