Artesian Resources Corporation (ARTNA) Announces Quarterly Dividend of $0.24
Artesian Resources Corporation (NASDAQ:ARTNA) announced a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Investors of record on Monday, November 13th will be given a dividend of 0.2352 per share by the utilities provider on Wednesday, November 22nd. This represents a $0.94 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Friday, November 10th. This is a positive change from Artesian Resources Corporation’s previous quarterly dividend of $0.23.
Shares of Artesian Resources Corporation (ARTNA) traded up $0.95 during trading on Friday, reaching $41.04. The company’s stock had a trading volume of 147 shares, compared to its average volume of 22,366. The stock has a market cap of $380.25 million, a price-to-earnings ratio of 28.16 and a beta of 0.09.
ARTNA has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Artesian Resources Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub upgraded Artesian Resources Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th.
Artesian Resources Corporation 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.
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