Welcome to our dedicated page for Artesian Res news (Ticker: ARTNA), a resource for investors and traders seeking the latest updates and insights on Artesian Res stock.
Artesian Resources Corporation reports developments for a regulated water and wastewater utility holding company serving the Delmarva Peninsula through wholly owned subsidiaries. News commonly covers earnings, water sales revenue, customer growth, infrastructure investment in supply, treatment, storage and distribution systems, and wastewater service expansion.
Updates also include quarterly dividends on Class A and Class B common stock, Delaware Public Service Commission rate matters, water-quality and PFAS-related customer credits, and annual-report availability. Artesian Water Company is the principal subsidiary and has provided water service since 1905.
Artesian Resources (Nasdaq: ARTNA) reported strong financial results for Q2 and H1 2024. Key highlights include:
- Q2 net income increased 19.9% to $5.3 million
- Q2 diluted EPS rose 18.2% to $0.52
- Q2 revenues grew 8.6% to $27.4 million
- H1 net income up 19.5% to $9.7 million
- H1 diluted EPS increased 13.1% to $0.95
- H1 revenues rose 8.8% to $52.0 million
The company benefited from a rate increase, customer growth, and increased water consumption due to warmer weather. Artesian invested $18.4 million in infrastructure projects during H1 2024, focusing on PFAS treatment, facility upgrades, and expanding water and wastewater services.
Artesian Resources (Nasdaq: ARTNA) has announced a regular quarterly dividend on its Class A and Class B Common Stock. The Board of Directors has declared a dividend of $0.2955 per share, payable on August 27, 2024, to shareholders of record at the close of business on August 16, 2024. This dividend provides an annualized dividend of $1.182 per share. Notably, this marks Artesian's 127th consecutive quarterly dividend paid to shareholders, demonstrating the company's commitment to providing consistent returns to its investors.
Artesian Resources (Nasdaq: ARTNA) announced that their Annual Charitable Golf Outing raised nearly $135,000, bringing the total funds raised over the last thirteen years to $875,000.
The event, held on June 3rd at the DuPont Country Club in Wilmington, Delaware, saw participation from over 175 golfers representing Artesian’s vendors and business partners.
Major sponsors included AssuredPartners, Austin & Bednash Construction, Core & Main, Eagle Control , Ferguson Waterworks, Klenzoid, McWane Waterworks, Metra Industries, Pureflow Filtration, Technivate, and Tri-State Underground.
Beneficiaries of the funds include the Delaware Nature Society and Ray of Hope Mission Center, among others. Artesian’s leadership expressed pride in the event's success and emphasized the importance of supporting local charities.
Artesian Resources (Nasdaq: ARTNA) has announced a 2% increase in the quarterly dividend per share on its Class A and Class B Common Stock, raising the annualized dividend to $1.182 per share. The quarterly dividend rate of $0.2955 per share will be payable on May 28, 2024, to shareholders of record as of May 17, 2024. This marks the company's 126th consecutive quarterly dividend paid and 28th consecutive year of increased dividends, showcasing its commitment to shareholder value.
Artesian Resources (ARTNA) reported strong first-quarter 2024 results with net income reaching $4.4 million, a 19.1% increase from the same period last year. Diluted net income per share rose by 10.3% to $0.43. Revenues totaled $24.5 million, a 9.1% increase year-over-year, driven by higher water sales revenue and other utility operating revenue. Despite increased operating expenses, the company remains focused on investing in infrastructure to maintain high-quality service standards.
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