Artesian Resources Corporation Announces 2.5% Increase in Common Stock Dividend
NEWARK, Del., Sept. 26, 2012 /PRNewswire/ -- Artesian Resources Corporation (NASDAQ: ARTNA) announced today that its Board of Directors has declared a regular quarterly dividend of $0.2027, an increase of 2.5% on the company's Class A and Class B Common Stock, raising the annual dividend to $0.8108 per share. The quarterly dividend is payable on November 21, 2012 to shareholders of record at the close of business on November 12, 2012. This is the 80th consecutive quarterly dividend paid to shareholders. Artesian has increased its dividend each year for the past 15 years.
"The fact that we can once again increase our quarterly dividend to shareholders is a direct result of the dedication and hard work of our employees and management team. We focus on managing our company to produce results that will benefit not only our customers with safe and reliable water service, but our shareholders as well," said Dian Taylor, Chair, President and CEO of Artesian Resources.
About Artesian Resources
Artesian Resources Corporation operates as a holding company of eight wholly-owned subsidiaries offering water, wastewater and other 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.
SOURCE Artesian Resources Corporation