NEWARK, Del., May 04, 2016 (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 $0.8996 per share. The quarterly dividend of $0.2249 is payable May 27, 2016 to shareholders of record at the close of business on May 16, 2016. This marks our 94th consecutive quarterly dividend and the 20th consecutive year dividends have been increased.
“This increase reflects our strong commitment to our shareholders to reward them with solid returns on their investment as we celebrate our 20th year of trading on the NASDAQ Global Market. To commemorate the occasion, we have been invited to ring the closing bell at NASDAQ headquarters in New York City on May 24, 2016,” said Dian C. Taylor, Chair, President and CEO of Artesian Resources Corporation.
About Artesian Resources
Artesian Resources Corporation operates as a 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 water utility on the Delmarva Peninsula and has been providing water service since 1905. Artesian supplies 7.6 billion gallons of water per year through 1,218 miles of water main to about 301,000 people.
Contact: Nicholle Taylor Investor Relations (302) 453-6900 email@example.com
Source:Artesian Resources Corporation