Artesian Resources Corporation Announces a 2% Increase in 4th Quarter Common Stock Dividend
Artesian Resources Corporation (Nasdaq: ARTNA) has announced a 2% increase in its quarterly dividend, raising the annualized rate to $1.1136 per share.
Sentiment and the balance of points
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Rhea-AI Summary
Artesian Resources Corporation (Nasdaq: ARTNA) has announced a 2% increase in its quarterly dividend, raising the annualized rate to $1.1136 per share. This results in a quarterly dividend of $0.2784, payable on November 23, 2022, to shareholders of record by November 14, 2022. This marks the company’s 120th consecutive quarterly dividend, reflecting its commitment to shareholder value and financial stability.
Positive
- Quarterly dividend increased by 2%.
- Annualized dividend rate raised to $1.1136 per share.
- Company has paid 120 consecutive quarterly dividends.
Negative
- None.
Details
News Market Reaction – ARTNA
The recorded move for ARTNA in the trading session of this news was +3.98%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEWARK, Del., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) is pleased to announce that its Board of Directors approved today a
“Artesian continued to see strong financial results through the third quarter of 2022, and we remain committed to our focus on strategic growth while increasing value to our shareholders,” said Dian C. Taylor, Chair and CEO.
This marks Artesian’s 120th 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 core 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 8.4 billion gallons of water per year through 1,398 miles of water main to over a third of Delawareans.
Contact:
Nicholle R. Taylor
Investor Relations
(302) 453-6900
ntaylor@artesianwater.com
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