Artesian Resources Corporation announces a 1.5% increase in Common Stock Dividend
April 14 2021 - 3:15PM
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 $1.044 per share. The quarterly dividend of
$0.2610 is payable May 21, 2021 to shareholders at the close of
business on May 7, 2021. This marks Artesian’s 114th consecutive
quarterly dividend paid to shareholders and the 25th consecutive
year it has increased dividends.
“We are pleased to increase once again our
dividend to our shareholders. As we have for over 115 years, we
remain committed to providing safe, essential water and wastewater
services to our communities while maintaining focus on our
strategic initiatives. Despite the obstacles of the past year, we
achieved substantial growth and strong financial results and are
able to share these continued successes with our shareholders,”
said Dian C. Taylor, Chair, President and CEO.
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 8.2 billion gallons of water per year through 1,368 miles
of main to over a third of Delawareans.
Contact:Nicholle TaylorInvestor
Relations(302) 453-6900ntaylor@artesianwater.com
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