Artesian Resources Corporation Announces a 2% Increase in 4th Quarter Common Stock Dividend

Rhea-AI Summary

Artesian Resources Corporation (Nasdaq: ARTNA) has announced a 2% increase in its quarterly dividend, raising the annualized rate to $1.1136 per share. This results in a quarterly dividend of $0.2784, payable on November 23, 2022, to shareholders of record by November 14, 2022. This marks the company’s 120th consecutive quarterly dividend, reflecting its commitment to shareholder value and financial stability.

Positive

• Quarterly dividend increased by 2%.
• Annualized dividend rate raised to $1.1136 per share.
• Company has paid 120 consecutive quarterly dividends.

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• None.

NEWARK, Del., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) is pleased to announce that its Board of Directors approved today a 2% increase in the quarterly dividend per share on the company’s Class A and Class B Common Stock, which raises the annualized dividend rate to $1.1136 per share. The quarterly dividend rate of $0.2784 is payable November 23, 2022 to shareholders of record at the close of business on November 14, 2022.

“Artesian continued to see strong financial results through the third quarter of 2022, and we remain committed to our focus on strategic growth while increasing value to our shareholders,” said Dian C. Taylor, Chair and CEO.

This marks Artesian’s 120^th consecutive quarterly dividend paid to shareholders.

About Artesian Resources
Artesian Resources Corporation operates as a holding company of wholly-owned subsidiaries offering water and wastewater services, and related core business 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 8.4 billion gallons of water per year through 1,398 miles of water main to over a third of Delawareans.

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

FAQ

What is the new quarterly dividend for ARTNA?

The new quarterly dividend for ARTNA is $0.2784.

When will the ARTNA dividend be paid?

The ARTNA dividend will be paid on November 23, 2022.

What is the annualized dividend rate for ARTNA?

The annualized dividend rate for ARTNA is $1.1136 per share.

How many consecutive dividends has ARTNA paid?

ARTNA has paid 120 consecutive quarterly dividends.