NEWARK, Del., April 27, 2011 /PRNewswire/ -- 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 $0.7608 per share. The quarterly dividend of $0.1902 is payable on May 20, 2011 to shareholders of record at the close of business on May 10, 2011. Artesian has increased its dividends each year for the last 14 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. "The dividend increase underscores our long-standing commitment to deliver increased value to our shareholders."
About Artesian Resources
Artesian Resources Corporation operates as the holding company of eight wholly-owned subsidiaries offering water, wastewater and engineering 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