Artesian Resources Corporation (ARTNA) to Distribute Quarterly Dividend of $0.33 on November 30th

Artesian Resources Corporation (NASDAQ:ARTNA) announced a quarterly dividend on Monday, November 9th. Stockholders 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 dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, November 19th. This is a 2.0% increase from Artesian Resources’s previous quarterly dividend of $0.3199.

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

Artesian Resources Stock Performance

NASDAQ:ARTNA opened at $33.63 on Wednesday. Artesian Resources has a 1 year low of $30.50 and a 1 year high of $36.98. The firm has a 50 day moving average of $34.16 and a 200-day moving average of $33.43. The company has a current ratio of 1.01, a quick ratio of 0.89 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $347.30 million, a P/E ratio of 14.69 and a beta of 0.32.

Artesian Resources (NASDAQ:ARTNA) last released its quarterly earnings results on Tuesday, November 10th. The utilities provider reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). Artesian Resources had a return on equity of 9.37% and a net margin of 20.18%. The business had revenue of $31.95 million for the quarter, compared to the consensus estimate of $32.20 million.

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.