NEWARK, Del., March 23, 2015 (GLOBE NEWSWIRE) -- 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 $0.8732 per share. The quarterly dividend of $0.2183 is payable May 22, 2015 to shareholders of record at the close of business on May 11, 2015. This is the 90th consecutive quarterly dividend paid to shareholders.
"While we are committed to delivering a safe and reliable supply of water to our customers, we are equally committed to delivering a fair return to our shareholders. This year marks our 110th year of providing superior service to those we serve on the Delmarva Peninsula. Our goal is to continue to deliver the same quality water and service to our customers that they have come to expect from Artesian and to reward our loyal shareholders," said Dian C. Taylor, Chair, President and CEO. This is Artesian's 19th consecutive year dividends have been increased.
About Artesian Resources
Artesian Resources Corporation operates as the holding company of wholly-owned subsidiaries offering water, wastewater services, and related services on the Delmarva Peninsula. Artesian Water Company, the principal subsidiary, is the oldest and largest investor owned public water utility on the Delmarva Peninsula, and has been providing water service since 1905. Artesian supplies over 7.3 billion gallons of water per year through 1,201 miles of water main to approximately 300,000 people.