Artesian Resources Corporation announces 1.5% increase in Common Stock Dividend
April 03 2019 - 4:30PM
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 $0.9836 per share. The quarterly dividend
of $0.2459 is payable May 23, 2019 to shareholders of record at the
close of business on May 10, 2019.
“Our record of consistently increasing dividends
to our shareholders over the last 23 years speaks equally to our
commitment to delivering a fair return to our investors and being a
leader in the responsible stewardship of precious water resources
across our water and wastewater businesses. We are committed
to improving our environment through total water resource
management and ensuring the superior service and high-quality
drinking water our customers have come to expect over the last 110
years,” said Dian C. Taylor, Chair, President and CEO.
This is the 106th consecutive quarterly dividend
paid to shareholders and the 23rd 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
1,311 miles of water main to nearly a third of Delaware
residents.
Contact:Nicki TaylorInvestor Relations(302)
453-6900ntaylor@artesianwater.com
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