Artesian Resources Corporation announces a 3% increase in Common Stock Dividend
September 25 2020 - 5:24PM
Artesian Resources Corporation (NASDAQ: ARTNA) announced today that
its Board of Directors has approved a 3% increase in the company’s
Class A and Class B Common Stock dividend, raising the annual
dividend to $1.0284 per share. The quarterly dividend of $0.2571 is
payable November 20, 2020 to shareholders of record at the close of
business on November 9, 2020.
“We are pleased to announce this 3% dividend
increase. Our Artesian team continues to work diligently to expand
our water and wastewater businesses significantly, while generating
strong financial results. We look forward to continuing our
successful acquisitions, growing our customer base and increasing
our revenues to provide consistent returns to our shareholders,”
said Dian C. Taylor, Chair, President and CEO.
Artesian Resources has now paid quarterly
dividends to its shareholders for 112 consecutive quarters and for
the 24th consecutive year has increased dividends.
About Artesian Resources
Artesian Resources Corporation operates as a
holding company of wholly-owned subsidiaries offering water and
wastewater services, and related 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 8.3 billion gallons of water per year through 1,331miles
of main to over 300,000 people.
Contact:Nicholle TaylorInvestor
Relations(302) 453-6900ntaylor@artesianwater.com
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