NEWARK, Del., Sept. 17, 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 $0.8604 per share. The quarterly dividend of $0.2151 is payable November 21, 2014 to shareholders of record at the close of business on November 7, 2014.
"Artesian has maintained a long standing commitment to our shareholders to deliver a fair return on their investment. We are equally committed to delivering a safe and reliable supply of water and superior service to our customers," said Dian C. Taylor, Chair, President and CEO. This is Artesian's 88th consecutive quarterly dividend paid to shareholders and the 18th consecutive year dividends have been increased.
About Artesian Resources
Artesian Resources Corporation operates as the holding company of wholly-owned subsidiaries offering water, wastewater services and related services on the Delmarva Peninsula. 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 7.3 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 email@example.com
Source:Artesian Resources Corporation