Artesian Resources Corporation Announces 2% Increase in Quarterly Common Stock Dividend
09 Mai 2023 - 10:45PM
Artesian Resources Corporation (Nasdaq: ARTNA) is pleased to
announce that its Board of Directors approved a 2% increase in the
quarterly dividend per share on the company’s Class A and Class B
Common Stock, which raises the annualized dividend rate to $1.136
per share. The quarterly dividend rate of $0.284 per share is
payable May 26, 2023 to shareholders of record at the close of
business on May 19, 2023.
“I am pleased to share that Artesian’s Board of
Directors has authorized a 2% increase in the quarterly dividend.
We continue to focus on our long-term strategic objectives;
successfully growing our customer base, service area and revenues,
while providing enduring value to our shareholders. Artesian has
delivered consistent, sustainable dividend increases for the last
26 years, generating a reliable, regular flow of income for our
investors,” said Dian C. Taylor, Chair, President and CEO.
This marks Artesian’s 122nd consecutive
quarterly dividend paid to shareholders.
About Artesian
ResourcesArtesian 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 8.7 billion gallons of water per year through 1,442 miles
of water main to over a third of Delawareans.
Contact:Nicholle R. TaylorInvestor
Relations(302) 453-6900ntaylor@artesianwater.com
Artesian Resources (NASDAQ:ARTNA)
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