NEWARK, Del. -- (Business Wire)
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
$0.8228 per share. The quarterly dividend of $0.2057 is payable May 22,
2013, to shareholders of record at the close of business on May 10,
2013. This is the 82nd consecutive quarterly dividend paid to
shareholders.
Artesian has now increased its dividend each year for the past 16 years.
“Our commitment remains to deliver value to our shareholders and to
provide our customers with the same safe and reliable service that has
been our promise to them for over 100 years,” said Dian C. Taylor,
Chair, President and CEO of Artesian Resources. “Our ability to continue
to deliver on our promise is the direct result of our dedicated
employees and management team.”
About Artesian Resources
Artesian Resources Corporation operates as the holding company of eight
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.
Contacts:
Artesian Resources Corporation
Nicki Taylor
Investor Relations
302-453-6900
ntaylor@artesianwater.com
Source: Artesian Resources Corporation
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