Artesian Resources Corporation (ARTNA) to Issue Quarterly Dividend of $0.31 on February 25th

Artesian Resources Corporation (NASDAQ:ARTNA) announced a quarterly dividend on Monday, February 2nd. Shareholders of record on Friday, February 13th will be paid a dividend of 0.3136 per share by the utilities provider on Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, February 13th.

Artesian Resources has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 8 years. Artesian Resources has a payout ratio of 56.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Artesian Resources to earn $2.00 per share next year, which means the company should continue to be able to cover its $1.25 annual dividend with an expected future payout ratio of 62.5%.

Artesian Resources Trading Up 0.6%

NASDAQ ARTNA opened at $33.29 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.54 and a current ratio of 0.68. Artesian Resources has a one year low of $29.97 and a one year high of $36.19. The company has a 50-day simple moving average of $32.19 and a 200-day simple moving average of $32.58. The firm has a market capitalization of $343.22 million, a PE ratio of 15.20 and a beta of 0.36.

About Artesian Resources

Artesian Resources Corporation (NASDAQ: ARTNA) is a publicly traded water and wastewater utility company headquartered in Wilmington, Delaware. The company provides regulated water distribution and wastewater collection services to residential, commercial and industrial customers. Through its operating subsidiaries, Artesian is subject to oversight by public utility commissions in Delaware, Maryland and Pennsylvania, ensuring the delivery of safe, high-quality water in compliance with state and federal standards.

Traced back to its roots as the Artesian Water Company founded in 1905, the organization has expanded its footprint through a combination of organic growth and strategic acquisitions.