Artesian Resources Corporation Announces a 2% Increase in 4th Quarter Common Stock Dividend
04 November 2022 - 09:23AM
Artesian Resources Corporation (Nasdaq: ARTNA) is pleased to
announce that its Board of Directors approved today 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
$1.1136 per share. The quarterly dividend rate of $0.2784 is
payable November 23, 2022 to shareholders of record at the close of
business on November 14, 2022.
“Artesian continued to see strong financial
results through the third quarter of 2022, and we remain committed
to our focus on strategic growth while increasing value to our
shareholders,” said Dian C. Taylor, Chair and CEO.
This marks Artesian’s 120th 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 core 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 8.4 billion gallons of water per year
through 1,398 miles of water main to over a third of
Delawareans.
Contact:Nicholle R. TaylorInvestor
Relations(302) 453-6900ntaylor@artesianwater.com
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