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Artesian Resources Corp - ARTNA STOCK NEWS

Welcome to our dedicated page for Artesian Resources news (Ticker: ARTNA), a resource for investors and traders seeking the latest updates and insights on Artesian Resources stock.

Artesian Resources Corp operates as a holding company with a focus on water distribution and wastewater services. Its regulated utility segment includes subsidiaries providing water and wastewater services in Delaware, Maryland, and Pennsylvania. Water distribution spans residential, commercial, industrial, and municipal sectors, while wastewater services are offered primarily in Sussex County, Delaware. The company also engages in non-utility businesses, offering service line protection plans, engineering services, and contract operations for water and wastewater systems. The regulated utility segment constitutes the largest portion of the company's operations, subject to regulations by Delaware, Maryland, and Pennsylvania.

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Artesian Resources Corporation (ARTNA) has declared a regular quarterly dividend of $0.2897 per share on its Class A and Class B Common Stock, with an annualized dividend rate of $1.1588. The dividend is payable on February 23, 2024, to shareholders of record on February 9, 2024, marking the company's 125th consecutive quarterly dividend.
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Artesian Resources Corporation (Nasdaq: ARTNA) reported third quarter revenues of $26.6 million, with a 13.9% increase in utility operating revenue and a 0.3% decrease in water sales revenue. Net income for the quarter was $5.1 million, a 17.5% decrease compared to the same period last year. Year-to-date revenues totaled $74.3 million, a 0.7% increase from the previous year. Artesian Water filed a request for a 23.84% increase in revenue with the Delaware Public Service Commission. The company also invested $48.8 million in water and wastewater infrastructure projects during the first nine months of 2023.
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Artesian Resources Corporation (Nasdaq: ARTNA) has approved a 2% increase in the quarterly common stock dividend. The quarterly dividend will be $0.2897 per share, raising the annualized dividend rate to $1.1588 per share. The dividend will be payable on November 24, 2023, to shareholders of record as of November 16, 2023. This is the second dividend increase this year, bringing the total increase to 4%. This is Artesian Resources Corporation's 124th consecutive quarterly dividend paid to shareholders.
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Artesian Resources Corporation announces proposed public offering of Class A Non-Voting Common Stock
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FAQ

What is the current stock price of Artesian Resources (ARTNA)?

The current stock price of Artesian Resources (ARTNA) is $34.09 as of November 15, 2024.

What is the market cap of Artesian Resources (ARTNA)?

The market cap of Artesian Resources (ARTNA) is approximately 350.7M.

What is the focus of Artesian Resources Corp?

Artesian Resources Corp focuses on water distribution and wastewater services.

Where does Artesian Resources Corp provide water and wastewater services?

Artesian Resources Corp provides services in Delaware, Maryland, and Pennsylvania.

What sectors does Artesian Resources Corp serve for water distribution?

Artesian Resources Corp serves residential, commercial, industrial, and municipal sectors for water distribution.

In which county does Artesian Resources Corp primarily offer wastewater services?

Artesian Resources Corp primarily offers wastewater services in Sussex County, Delaware.

What other businesses does Artesian Resources Corp engage in?

Artesian Resources Corp engages in non-utility businesses, offering service line protection plans, engineering services, and contract operations for water and wastewater systems.

Which segment constitutes the largest portion of Artesian Resources Corp's operations?

The regulated utility segment constitutes the largest portion of Artesian Resources Corp's operations, subject to regulations by Delaware, Maryland, and Pennsylvania.

Artesian Resources Corp

Nasdaq:ARTNA

ARTNA Rankings

ARTNA Stock Data

350.72M
9.42M
3.96%
65.01%
1.09%
Utilities - Regulated Water
Water Supply
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United States of America
NEWARK