Artesian Resources Corporation Declares First Quarter 2025 Common Stock Dividend

Rhea-AI Summary

Artesian Resources (ARTNA) has announced its Board of Directors has declared a regular quarterly dividend of $0.3014 per share on both Class A and Class B Common Stock. The dividend will be paid on February 21, 2025, to shareholders of record as of February 7, 2025. This payment represents an annualized dividend rate of $1.2056 and marks the company's 129th consecutive quarterly dividend distribution to shareholders.

Positive

• 129 consecutive quarters of dividend payments, demonstrating consistent shareholder returns
• Maintained regular quarterly dividend payment, showing financial stability

Negative

• None.

Insights

Financial Analyst

The declaration of Artesian Resources 's $0.3014 quarterly dividend, marking their 129th consecutive payment, demonstrates remarkable financial stability in the regulated water utility sector. This consistent dividend history spanning over 32 years signals strong cash flow generation and prudent financial management, particularly notable for a company operating in the capital-intensive water utility industry.

The annualized dividend rate of $1.2056 reflects the company's commitment to shareholder returns while maintaining investment in critical infrastructure. This consistency is particularly valuable in the current market environment, where investors seek reliable income streams from defensive utility stocks. The dividend announcement's timing, allowing shareholders of record until February 7, 2025, provides a typical window for investors to qualify for the upcoming payment.

The uninterrupted dividend streak places Artesian among the more reliable dividend-paying utilities, showcasing their robust business model built on regulated water services. This stability is underpinned by the essential nature of their services and regulated revenue structure, providing a degree of predictability that's particularly attractive to income-focused portfolios seeking consistent quarterly returns.

NEWARK, Del., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) announced today that its Board of Directors declared a regular quarterly dividend on the company’s Class A and Class B Common Stock. The quarterly dividend of $0.3014 is payable February 21, 2025 to shareholders of record at the close of business on February 7, 2025, providing a $1.2056 annualized dividend rate. This is Artesian’s 129^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 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) quarterly dividend amount for Q1 2025?

Artesian Resources' quarterly dividend for Q1 2025 is $0.3014 per share for both Class A and Class B Common Stock.

When is ARTNA's Q1 2025 dividend payment date?

The Q1 2025 dividend will be paid on February 21, 2025, to shareholders of record as of February 7, 2025.

What is Artesian Resources' (ARTNA) annualized dividend rate for 2025?

Artesian Resources' annualized dividend rate is $1.2056, based on the quarterly dividend of $0.3014.

How many consecutive quarters has ARTNA paid dividends?

Artesian Resources has paid dividends for 129 consecutive quarters, demonstrating a long history of consistent shareholder returns.

What is the record date for ARTNA's Q1 2025 dividend?

The record date for Artesian Resources' Q1 2025 dividend is February 7, 2025.