Artesian Resources Corporation Announces 0.5% Increase in Common Stock Dividend

Oct 06, 2010, 16:15 ET from Artesian Resources Corporation

NEWARK, Del., Oct. 6 /PRNewswire-FirstCall/ -- Artesian Resources Corporation (Nasdaq: ARTNA) announced today that its Board of Directors has approved a 0.5% increase in the Class A Non-Voting and Class B Common shareholders' dividend, raising the annual dividend to $0.7568 per share. The quarterly dividend of $0.1892 is payable on Nov. 19, 2010 to shareholders of record at the close of business on Nov. 8, 2010. This is the second dividend increase in 2010 for Artesian, which has increased its dividends each year for the last 13 years.

"We manage this company to produce sound, consistent returns for our investors while ensuring a safe, reliable water supply for our customers," said Dian Taylor, Chair, President and CEO of Artesian Resources.  "Quarter after quarter, we continue to increase the value of our company while improving the services we provide to our hundreds of thousands of customers."

About Artesian Resources

Artesian Resources Corporation operates as the holding company of eight wholly-owned subsidiaries offering water and wastewater services.  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. Artesian Water distributes and sells water to residential, commercial, industrial, governmental, municipal and utility customers. Other subsidiaries include Artesian Water Maryland, Inc., Artesian Water Pennsylvania, Inc., Artesian Wastewater Management, Inc., Artesian Wastewater Maryland, Inc., Artesian Utility Development, Inc., Artesian Consulting Engineers, Inc. and Artesian Development Company.

SOURCE Artesian Resources Corporation