NEWARK, Del., April 4, 2014 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq:ARTNA) announced today that its Board of Directors has approved a 1.5% increase in the company's Class A and Class B Common Stock dividend, raising the annual dividend to $0.8476 per share. The quarterly dividend of $0.2119 is payable May 23, 2014 to shareholders of record at the close of business on May 12, 2014. This is the 86th consecutive quarterly dividend paid to shareholders.
"We strive every day to deliver clean, safe and reliable water to our customers, while remaining focused on operating efficiently so we can continue to deliver consistent, solid returns to our shareholders. We have now increased our dividend every year for the past 17 years," said Dian C. Taylor, Chair, President and CEO of Artesian Resources.
About Artesian Resources
Artesian Resources Corporation (www.artesianwater.com) operates as the holding company of wholly-owned subsidiaries offering water, wastewater services and related services. Artesian Water Company, the principal subsidiary, is the oldest and largest investor owned public water utility on the Delmarva Peninsula, and has been providing water service since 1905. Artesian supplies over 7.4 billion gallons of water per year through 1,182 miles of water main to about 300,000 people on the Delmarva Peninsula.
CONTACT: Nicki Taylor Investor Relations (302) 453-6900 firstname.lastname@example.org
Source:Artesian Resources Corporation