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

Rhea-AI Summary

Artesian Resources Corporation (NASDAQ: ARTNA) has announced a 2% increase in its quarterly dividend for both Class A and Class B Common Stock. The new quarterly dividend rate is set at $0.3074 per share, bringing the annualized dividend to $1.2296 per share. The dividend will be payable on May 27, 2025, to shareholders of record as of May 16, 2025. This marks Artesian's 130th consecutive dividend payment to shareholders, demonstrating the company's commitment to maintaining its dividend policy while managing increased costs and meeting stricter water quality standards.

Positive

• 2% increase in quarterly dividend demonstrates financial stability
• 130th consecutive dividend payment shows strong track record of shareholder returns
• Company maintains dividend growth despite cost pressures

Negative

• Relatively modest 2% dividend increase may not keep pace with inflation
• Company faces pressure from increased operational costs
• Stricter water quality standards may require additional capital investment

NEWARK, Del., May 06, 2025 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) announces today that its Board of Directors has approved a 2% increase in the quarterly dividend per share on the company’s Class A and Class B Common Stock, raising the annualized dividend to $1.2296 per share. The quarterly dividend rate of $0.3074 per share is payable May 27, 2025 to shareholders of record at the close of business on May 16, 2025.

“I am pleased to report the continuation of our semi-annual 2% increase in dividend per share as we remain disciplined in managing increased costs while meeting more stringent water quality standards,” said Nicki Taylor, President and CEO.

This is Artesian’s 130^th consecutive 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 supplies 9.5 billion gallons of water per year through 1,491 miles of water main to over a third of Delawareans.

Contact:
Virginia Eisenbrey
Communications
(302) 453-6900
veisenbrey@artesianwater.com

FAQ

What is ARTNA's new quarterly dividend amount for 2025?

Artesian Resources Corporation's new quarterly dividend is $0.3074 per share, payable on May 27, 2025.

When will ARTNA's increased dividend be paid to shareholders?

The dividend will be paid on May 27, 2025, to shareholders of record as of May 16, 2025.

How many consecutive dividends has ARTNA paid to shareholders?

Artesian Resources Corporation has paid 130 consecutive dividends to shareholders.

What is ARTNA's new annualized dividend rate for 2025?

The new annualized dividend rate is $1.2296 per share, following the 2% quarterly increase.

How much did Artesian Resources increase its dividend in 2025?

Artesian Resources increased its quarterly dividend by 2% for both Class A and Class B Common Stock.