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NEWARK, Del. - Artesian Resources Corporation (NASDAQ:ARTNA) announced Thursday a 2% increase in its quarterly dividend to $0.3136 per share on its Class A and Class B Common Stock, representing a 4% increase for the year. The $329.84 million market cap utility is currently trading at $31.99, which InvestingPro analysis suggests is undervalued compared to its Fair Value.
The dividend will be payable November 24, 2025, to shareholders of record at the close of business on November 14, 2025. The increase raises the annualized dividend rate to $1.2544 per share.
This marks Artesian's 132nd consecutive quarterly dividend paid to shareholders, according to the company's press release statement.
Nicki Taylor, Chair, President and CEO of Artesian Resources, said the company continues to execute its strategic growth plan for wastewater and water services, expanding its customer base to strengthen operational efficiency and support sustainable growth.
Artesian Resources operates as a holding company of wholly-owned subsidiaries offering water and wastewater services on the Delmarva Peninsula. Its principal subsidiary, Artesian Water Company, is the oldest and largest regulated water utility in the region, providing water service since 1905.
The company supplies 9.5 billion gallons of water annually through 1,491 miles of water main to over a third of Delaware residents.
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