NEWARK, Del., May 04, 2017 (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 $0.9268 per share. The quarterly dividend of $0.2317 is payable May 26, 2017 to shareholders of record at the close of business on May 15, 2017. This is the 98th consecutive quarterly dividend paid to shareholders.
“We are committed to delivering a safe and reliable supply of water to our customers, and are equally committed to delivering a fair return to our shareholders. This marks our 112th year of providing superior service to those we serve on the Delmarva Peninsula,” said Dian C. Taylor, Chair, President and CEO. This is Artesian’s 21st consecutive year dividends have been increased.
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 regulated 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 1,260 miles of water main to approximately 301,000 people.