Artesian Resources Co. Plans Quarterly Dividend of $0.24 (ARTNA)

Artesian Resources Co. (NASDAQ:ARTNA) declared a quarterly dividend on Thursday, January 18th, Wall Street Journal reports. Shareholders of record on Friday, February 9th will be paid a dividend of 0.2352 per share by the utilities provider on Friday, February 23rd. This represents a $0.94 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Thursday, February 8th.

Artesian Resources (ARTNA) opened at $37.39 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.71 and a debt-to-equity ratio of 0.73. Artesian Resources has a 52 week low of $29.83 and a 52 week high of $43.22. The company has a market capitalization of $351.59, a P/E ratio of 26.52 and a beta of 0.10.

Artesian Resources (NASDAQ:ARTNA) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). Artesian Resources had a net margin of 15.96% and a return on equity of 9.18%. The company had revenue of $22.36 million during the quarter. equities research analysts predict that Artesian Resources will post 1.42 EPS for the current year.

A number of brokerages have commented on ARTNA. BidaskClub downgraded Artesian Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday. Zacks Investment Research downgraded Artesian Resources from a “hold” rating to a “sell” rating in a research note on Thursday, November 16th.

In other news, Director William C. Wyer sold 6,750 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $42.00, for a total transaction of $283,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dian C. Taylor sold 8,798 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $42.36, for a total value of $372,683.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,548 shares of company stock valued at $734,283. Insiders own 20.59% of the company’s stock.

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About Artesian Resources

Artesian Resources Corporation is a holding company. The Company’s subsidiaries offer water, wastewater and other services on the Delmarva Peninsula. The Company distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in the states of Delaware, Maryland and Pennsylvania.

Dividend History for Artesian Resources (NASDAQ:ARTNA)

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