NEWARK, Del., May 03, 2018 (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 $0.9548 per share. The quarterly dividend of $0.2387 is payable May 25, 2018 to shareholders of record at the close of business on May 14, 2018. This is the 102nd consecutive quarterly dividend paid to shareholders.
“Our record of consistently increasing dividends to our shareholders over the last 22 years speaks to our commitment to deliver a fair return to our investors. We are equally committed to providing a safe and reliable supply of water and superior service to our customers,” 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 7.9 billion gallons of water per year through 1,293 miles of water main to nearly a third of Delaware residents.
Contact:
Nicholle Taylor
Investor Relations
(302) 453-6900
ntaylor@artesianwater.com