Artesian Resources Co. (NASDAQ:ARTNA) announced a quarterly dividend on Thursday, January 18th, Wall Street Journal reports. Shareholders of record on Friday, February 9th will be paid a dividend of 0.2352 per share by the utilities provider on Friday, February 23rd. This represents a $0.94 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, February 8th.

Shares of Artesian Resources (NASDAQ ARTNA) opened at $36.17 on Friday. Artesian Resources has a 1-year low of $29.83 and a 1-year high of $43.22. The firm has a market capitalization of $337.07, a price-to-earnings ratio of 26.01 and a beta of 0.05. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.64.

Artesian Resources (NASDAQ:ARTNA) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The firm had revenue of $22.36 million during the quarter. Artesian Resources had a return on equity of 9.18% and a net margin of 15.96%. sell-side analysts predict that Artesian Resources will post 1.42 earnings per share for the current fiscal year.

Several research firms have recently commented on ARTNA. BidaskClub lowered Artesian Resources from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 18th. Zacks Investment Research lowered Artesian Resources from a “hold” rating to a “sell” rating in a research report on Thursday, November 16th.

In related news, Director Kenneth R. Biederman sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $39.05, for a total transaction of $78,100.00. Following the transaction, the director now directly owns 21,875 shares of the company’s stock, valued at approximately $854,218.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dian C. Taylor sold 8,798 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $42.36, for a total value of $372,683.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,548 shares of company stock valued at $734,283. Corporate insiders own 20.59% of the company’s stock.

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Artesian Resources Company Profile

Artesian Resources Corporation is a holding company. The Company’s subsidiaries offer water, wastewater and other services on the Delmarva Peninsula. The Company distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in the states of Delaware, Maryland and Pennsylvania.

Dividend History for Artesian Resources (NASDAQ:ARTNA)

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