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Artesian Resources Corporation Announces Second 2% Increase This Year in Quarterly Common Stock Dividend

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Artesian Resources (ARTNA) has announced a 2% increase in its quarterly common stock dividend, marking the second increase this year for a total annual increase of 4%. The new quarterly dividend of $0.3014 per share on Class A and Class B Common Stock raises the annualized dividend rate to $1.2056 per share. The dividend is payable November 25, 2024, to shareholders of record as of November 15, 2024. This represents the company's 128th consecutive quarterly dividend payment to shareholders.

Artesian Resources (ARTNA) ha annunciato un aumento del 2% del dividendo trimestrale delle azioni ordinarie, segnando il secondo aumento di quest'anno con un incremento annuale complessivo del 4%. Il nuovo dividendo trimestrale di $0.3014 per azione sulle azioni ordinarie di Classe A e Classe B porta il tasso di dividendo annualizzato a $1.2056 per azione. Il dividendo sarà pagabile il 25 novembre 2024, agli azionisti registrati entro il 15 novembre 2024. Ciò rappresenta il 128° pagamento consecutivo di dividendi trimestrali agli azionisti della società.

Artesian Resources (ARTNA) ha anunciado un aumento del 2% en su dividendo trimestral de acciones comunes, marcando el segundo aumento de este año con un incremento anual total del 4%. El nuevo dividendo trimestral de $0.3014 por acción en acciones comunes Clase A y Clase B aumenta la tasa de dividendo anualizada a $1.2056 por acción. El dividendo se pagará el 25 de noviembre de 2024, a los accionistas registrados a partir del 15 de noviembre de 2024. Esto representa el 128° pago consecutivo de dividendos trimestrales a los accionistas de la compañía.

아르티지안 리소스 (ARTNA)가 분기 일반 주식 배당금을 2% 인상한다고 발표했습니다. 이는 올해 두 번째 인상으로 연간 총 인상률은 4%에 달합니다. 클래스 A와 클래스 B 일반 주식에 대한 새로운 분기 배당금은 주당 $0.3014로 정해졌으며, 연간 배당금 비율은 주당 $1.2056로 올라갑니다. 이 배당금은 2024년 11월 25일에 배당이 지급될 예정이며, 2024년 11월 15일 기준 주주들에게 지급됩니다. 이는 회사의 128번째 연속 분기 배당금 지급을 의미합니다.

Artesian Resources (ARTNA) a annoncé une augmentation de 2% de son dividende trimestriel sur les actions ordinaires, marquant la deuxième augmentation de cette année pour un total annuel d'augmentation de 4%. Le nouveau dividende trimestriel de $0.3014 par action sur les actions ordinaires de Classe A et Classe B augmente le taux de dividende annualisé à $1.2056 par action. Le dividende sera payable le 25 novembre 2024, aux actionnaires inscrits au 15 novembre 2024. Cela représente le 128ème paiement consécutif de dividendes trimestriels aux actionnaires de la société.

Artesian Resources (ARTNA) hat eine 2%-Erhöhung der vierteljährlichen Dividende auf Stammaktien angekündigt, was die zweite Erhöhung in diesem Jahr darstellt und insgesamt eine jährliche Erhöhung von 4% bedeutet. Die neue vierteljährliche Dividende von $0.3014 pro Aktie auf Klasse A und Klasse B Stammaktien erhöht die annualisierte Dividendenrate auf $1.2056 pro Aktie. Die Dividende ist am 25. November 2024 zahlbar an die Aktionäre, die am 15. November 2024 im Aktienregister stehen. Dies stellt die 128. aufeinanderfolgende vierteljährliche Dividendenzahlung an die Aktionäre des Unternehmens dar.

Positive
  • Second dividend increase in 2024, totaling 4% annual increase
  • 128 consecutive quarters of dividend payments demonstrating financial stability
  • Continued growth in customer base and revenues
Negative
  • None.

NEWARK, Del., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) announced today that its Board of Directors has approved a 2% increase in the quarterly common stock dividend, a 4% increase for the year. This increase will raise the quarterly dividend to $0.3014 per share on the company’s Class A and Class B Common Stock, lifting the annualized dividend rate to $1.2056 per share payable November 25, 2024 to shareholders of record at the close of business on November 15, 2024.

“Artesian has remained focused on delivering value to our shareholders while providing high quality water service and environmentally sound wastewater services to our customers,” said Dian C. Taylor, Chair, President and CEO. “Our ability to increase dividends, year after year, reflects the strength and stability of our businesses and commitment to our strategy of growing our customer base and revenues.”

This marks Artesian Resources Corporation’s 128th consecutive quarterly dividend paid to shareholders.

About Artesian Resources Corporation
Artesian Resources Corporation operates as a holding company of wholly-owned subsidiaries offering water and wastewater services, and related 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 Water Company supplies 8.8 billion gallons of water per year through 1,470 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 Artesian Resources' (ARTNA) new quarterly dividend amount for 2024?

Artesian Resources' new quarterly dividend is $0.3014 per share for both Class A and Class B Common Stock.

When will ARTNA's latest dividend be paid?

The dividend will be paid on November 25, 2024, to shareholders of record as of November 15, 2024.

How many consecutive quarters has ARTNA paid dividends?

Artesian Resources has paid dividends for 128 consecutive quarters.

What is the new annualized dividend rate for ARTNA stock?

The new annualized dividend rate is $1.2056 per share.

How much has ARTNA increased its dividend in 2024?

ARTNA has increased its dividend twice in 2024, each time by 2%, for a total annual increase of 4%.

Artesian Resources Corp

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Utilities - Regulated Water
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