NEWARK, DE — In a demonstration of its sustained commitment to shareholders, Artesian Resources Corporation (Nasdaq: ARTNA) has declared its 125th consecutive quarterly dividend. The Delaware-based water and wastewater services company announced that the Board of Directors had recently approved a regular quarterly dividend on the company’s Class A and Class B Common Stock.
The dividend, amounting to $0.2897 per share, is payable on February 23, 2024, to shareholders of record at the close of business on February 9, 2024. This declaration results in an annualized dividend rate of $1.1588.
Artesian Resources’ impressive run of consecutive quarterly dividends showcases the company’s stability and its commitment to returning value to its shareholders. This tradition of consistent dividends also signals the firm’s confidence in its financial performance and future prospects.
Given the essential nature of water and wastewater services, Artesian Resources occupies a resilient position within the market. The company’s ability to maintain a steady stream of dividends amidst varying economic conditions underscores its robust business model and the ongoing demand for its services.
This announcement reiterates Artesian Resources’ position as a reliable player in the water and wastewater services industry and underscores its commitment to its investors.
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