Artesian Res Corp Stock Price, News & Analysis

Artesian Resources Corporation (Nasdaq: ARTNA) reported a net income of $4.2 million for Q1 2021, reflecting a 3.2% increase from Q1 2020. Diluted earnings per share rose 2.3% to $0.45. Revenues reached $20.7 million, a 4.2% increase driven by residential water sales and a 17.1% rise in wastewater revenue. The Board approved a 1.5% dividend increase, marking its 25th consecutive year of dividend hikes. Operating expenses rose 5.3%, primarily due to payroll and maintenance costs. Artesian invested $9.3 million in infrastructure, focusing on enhancing service capacity in Sussex County.

Artesian Resources Corporation (NASDAQ: ARTNA) has announced a 1.5% increase in its Class A and Class B Common Stock dividends, raising the annual dividend to $1.044 per share. The quarterly dividend of $0.2610 is payable on May 21, 2021, to shareholders who own shares as of May 7, 2021. This marks the company's 114th consecutive quarterly dividend and the 25th year of increased dividends. CEO Dian C. Taylor noted significant growth and strong financial results despite past challenges.

Artesian Resources Corporation (NASDAQ: ARTNA) has released its 2020 Annual Report, now available electronically on its website. Shareholders can request a print copy for free by contacting the company. Artesian provides essential water and wastewater services to over 300,000 customers on the Delmarva Peninsula, supplying 8.3 billion gallons of water annually through a network of 1,311 miles of main. This report reflects the company's ongoing commitment to transparency and service quality.

Artesian Resources Corporation (ARTNA) reported strong financial results for the year ended December 31, 2020. Earnings per share rose by 11.9% to $1.79, driven by 5.4% revenue growth totaling $88.1 million. The company increased its common stock dividend by 3% and achieved a net income of $16.8 million, reflecting a 12.7% increase year-over-year. Additionally, Artesian invested $40.0 million in infrastructure and completed two municipal water system acquisitions, serving approximately 3,000 new customers in Delaware.

Artesian Resources Corporation (Nasdaq: ARTNA) has announced the promotion of Rodney Wyatt to Vice President of Artesian Wastewater Management, Inc. With over 40 years of experience, Wyatt will lead crucial wastewater management initiatives, including a water recharge program that processes over 450 million gallons of wastewater annually. His background includes roles in Sussex County and the Delaware Department of Natural Resources. The company aims to strengthen strategic objectives under his leadership, promoting growth and partnerships in the water and wastewater fields.

Artesian Resources Corporation (NASDAQ: ARTNA) has declared a quarterly dividend of $0.2571 per share on its Class A and Class B Common Stock. This dividend will be payable on February 22, 2021, to shareholders on record as of February 8, 2021. The company has consistently paid dividends for 113 consecutive quarters, demonstrating its commitment to returning value to shareholders. Artesian operates the oldest and largest regulated water utility on the Delmarva Peninsula, supplying 8.3 billion gallons of water annually.

On December 7, 2020, Artesian Resources Corporation (Nasdaq: ARTNA) announced the appointment of Jennifer L. Finch, CPA, as Corporate Treasurer and Senior Vice President of Finance, effective November 17, 2020. Finch, who has over 30 years of experience, joined Artesian in 2008 as Chief Accounting Officer. In her new role, she will manage cash, banking relationships, corporate financing, and financial filings. Chair Dian C. Taylor highlighted Finch's expertise as vital for the company’s strategic growth and success in the evolving regulatory landscape.

Artesian Resources Corporation (Nasdaq: ARTNA) reported robust Q3 and year-to-date results for 2020, with net income rising 15.9% to $13.7 million and diluted EPS increasing 15.0% to $1.46. Year-to-date revenues grew by 6.1% to $66.4 million, driven by higher water sales and utility operating revenues. The company increased its dividend by 3%, marking 24 consecutive years of growth. Artesian invested $31.6 million in infrastructure and expanded its customer base by acquiring municipal water systems serving an additional 3,000 residents, highlighting strong operational and financial performance amid the pandemic.