NEWARK, DE — Artesian Resources Corporation (Nasdaq: ARTNA) announced that its Board of Directors recently approved a 2% increase in the quarterly dividend per share on the company’s Class A and Class B Common Stock, which raises the annualized dividend rate to $1.136 per share. The quarterly dividend rate of $0.284 per share is payable on May 26, 2023, to shareholders of record at the close of business on May 19, 2023.
“I am pleased to share that Artesian’s Board of Directors has authorized a 2% increase in the quarterly dividend. We continue to focus on our long-term strategic objectives; successfully growing our customer base, service area and revenues, while providing enduring value to our shareholders. Artesian has delivered consistent, sustainable dividend increases for the last 26 years, generating a reliable, regular flow of income for our investors,” said Dian C. Taylor, Chair, President and CEO.
This marks Artesian’s 122nd consecutive quarterly dividend paid to shareholders.
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