Artesian Resources Corporation declares its 1st Quarter Common Stock Dividend for 2022

Rhea-AI Summary

Artesian Resources Corporation (NASDAQ: ARTNA) announced a quarterly dividend of $0.2675 per share, payable on February 23, 2022. Shareholders of record by February 9, 2022 will receive this dividend, marking an annualized rate of $1.07. This distribution represents the company's 117th consecutive quarterly dividend, reflecting its commitment to returning value to shareholders. Artesian, a leading water utility on the Delmarva Peninsula, delivers 8.3 billion gallons of water annually to nearly a third of Delaware residents.

Positive

• Quarterly dividend of $0.2675 indicates consistent cash flow and shareholder return.
• 117th consecutive quarterly dividend demonstrates stability and commitment to dividends.
• Annualized dividend rate of $1.07 may attract income-focused investors.

Negative

• None.

NEWARK, Del., Jan. 25, 2022 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (NASDAQ: ARTNA) announced today that its Board of Directors has declared a regular quarterly dividend on the company’s Class A and Class B Common Stock. The quarterly dividend of $0.2675 is payable February 23, 2022 to shareholders of record at the close of business on February 9, 2022, providing a $1.07 annualized dividend rate. This is Artesian’s 117^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 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 8.3 billion gallons of water per year through 1,368 miles of water main to nearly a third of Delaware residents.

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

FAQ

What is the amount of the latest dividend declared by ARTNA?

The latest dividend declared by Artesian Resources Corporation is $0.2675 per share.

When is the dividend payable for ARTNA?

The dividend for ARTNA is payable on February 23, 2022.

What is the record date for the ARTNA dividend?

The record date for the ARTNA dividend is February 9, 2022.

How many consecutive dividends has ARTNA paid?

Artesian Resources has paid 117 consecutive quarterly dividends.

What is the annualized dividend rate for ARTNA?

The annualized dividend rate for ARTNA is $1.07.