Artesian Resources Corporation (NASDAQ:ARTNA – Get Free Report) declared a quarterly dividend on Monday, November 9th. Investors of record on Thursday, November 19th will be given a dividend of $0.3263 per share by the utilities provider on Monday, November 30th. This represents a $1.31 annualized dividend and a 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 Stock Down 1.9%
Shares of Artesian Resources stock opened at $33.72 on Tuesday. The stock has a 50-day moving average price of $34.20 and a 200 day moving average price of $33.43. The company has a market cap of $348.33 million, a P/E ratio of 14.72 and a beta of 0.32. The company has a current ratio of 1.01, a quick ratio of 0.89 and a debt-to-equity ratio of 0.71. Artesian Resources has a 1 year low of $30.50 and a 1 year high of $36.98.
Artesian Resources Company Profile
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.
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