Artesian Resources Corporation (ARTNA) to Distribute Quarterly Dividend of $0.32 on August 28th

Artesian Resources Corporation (NASDAQ:ARTNA) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.3199 per share by the utilities provider on Friday, August 28th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, August 17th.

Artesian Resources has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Artesian Resources has a dividend payout ratio of 57.9% indicating that its dividend is sufficiently covered by earnings.

Artesian Resources Trading Up 0.2%

NASDAQ:ARTNA opened at $35.78 on Friday. The company has a market capitalization of $369.25 million, a P/E ratio of 15.62 and a beta of 0.33. The stock’s 50 day moving average price is $33.84 and its 200 day moving average price is $33.01. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.89 and a current ratio of 1.01. Artesian Resources has a 52 week low of $30.50 and a 52 week high of $35.87.

Artesian Resources (NASDAQ:ARTNA) last posted its earnings results on Friday, August 7th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. The firm had revenue of $30.66 million during the quarter, compared to analysts’ expectations of $29.80 million. Artesian Resources had a net margin of 20.18% and a return on equity of 9.37%.

Artesian Resources Company Profile

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.