NEWARK, DE — Artesian Resources Corporation (Nasdaq: ARTNA) will pay a quarterly dividend of $0.3199 per share on Aug. 28, extending the Delmarva water utility company’s run of consecutive quarterly shareholder distributions to 135.
The dividend applies to Artesian’s Class A and Class B common stock and will be paid to shareholders of record at the close of business Aug. 17, the company reported.
At the current quarterly rate, the dividend represents an annualized payout of $1.2796 per share.
The declaration continues a dividend record spanning nearly 34 years of uninterrupted quarterly payments.
Artesian operates through wholly owned subsidiaries providing water, wastewater and related services across the Delmarva Peninsula.
Its principal subsidiary, Artesian Water Company Inc., has provided water service since 1905 and is the oldest and largest regulated water utility on the Delmarva Peninsula.
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