NEWARK, Del., Sept. 15, 2015 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (NASDAQ:ARTNA) announced today that its Board of Directors has approved a 1.5% increase in the company’s Class A and Class B Common Stock dividend, raising the annual dividend to $0.8864 per share. The quarterly dividend of $0.2216 is payable November 20, 2015 to shareholders of record at the close of business on November 9, 2015.
“I am pleased once again to report that we are able to increase the shareholder dividend. This marks our 92nd consecutive quarterly dividend and the 19th consecutive year dividends have been increased. Through the first six months of 2015 we continued to control expenses while seeing the benefits of increased water sales, which helped us deliver strong financial results,” said Dian C. Taylor, Chair, President and CEO.
About Artesian Resources
Artesian Resources Corporation operates as the holding company of wholly-owned subsidiaries offering water, wastewater services, and related 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. Artesian supplies over 7.3 billion gallons of water per year through 1,201 miles of water main to approximately 300,000 people.