Artesian Resources Corporation announces a 1.5% increase in Common Stock Dividend
September 26 2018 - 4:15PM
Artesian Resources Corporation (NASDAQ: ARTNA) announced today that
its Board of Directors has approved a 1.5% increase in the
company’s Class A and Class B Common Stock dividend, raising the
annual dividend to $0.9692 per share. The quarterly dividend
of $0.2423 is payable November 21, 2018 to shareholders of record
at the close of business on November 14, 2018.
“As a company, Artesian is committed to
delivering a safe and reliable supply of water to our customers, as
well as delivering a fair return to our shareholders. This
marks our 113th year of providing superior service to those we
serve on the Delmarva Peninsula,” said Dian C. Taylor, Chair,
President and CEO.
For Artesian, this is the 104th consecutive
quarterly dividend paid to shareholders and the 22nd consecutive
year it 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 7.9 billion gallons of water per year through
1,293 miles of water main to nearly a third of Delaware
residents.
Contact:Nicholle TaylorInvestor Relations(302)
453-6900ntaylor@artesianwater.com
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