Artesian Resources Corporation (NASDAQ:ARTNA) Announces Quarterly Dividend of $0.33

Artesian Resources Corporation (NASDAQ:ARTNA) declared a quarterly dividend on Monday, November 9th. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.3263 per share by the utilities provider on Monday, November 30th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Thursday, November 19th. This is a 2.0% increase from Artesian Resources’s previous quarterly dividend of $0.3199.

Artesian Resources has a dividend payout ratio of 57.9% meaning its dividend is sufficiently covered by earnings.

Artesian Resources Price Performance

Artesian Resources stock opened at $33.72 on Tuesday. The firm has a market capitalization of $348.33 million, a PE ratio of 14.72 and a beta of 0.32. Artesian Resources has a 52 week low of $30.50 and a 52 week high of $36.98. The firm’s 50-day simple moving average is $34.20 and its 200 day simple moving average is $33.43. The company has a quick ratio of 0.89, a current ratio of 1.01 and a debt-to-equity ratio of 0.71.

About Artesian Resources

Artesian Resources Corporation (NASDAQ: ARTNA) is a regulated water utility holding company headquartered in Newark, Delaware. Through its subsidiaries, the company provides water and wastewater services to residential, commercial, industrial, municipal and governmental customers.

Artesian’s principal operating subsidiary, Artesian Water Company, serves customers in Delaware. Related subsidiaries provide regulated water service in Maryland and Pennsylvania, while other operations support wastewater services, water treatment and contract operations.