Artesian Resources Co. (NASDAQ:ARTNA – Get Free Report) announced a quarterly dividend on Monday, August 5th, Zacks reports. Stockholders of record on Friday, August 16th will be given a dividend of 0.296 per share by the utilities provider on Tuesday, August 27th. This represents a $1.18 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Friday, August 16th.
Artesian Resources has raised its dividend by an average of 4.1% per year over the last three years. Artesian Resources has a dividend payout ratio of 56.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Artesian Resources to earn $2.10 per share next year, which means the company should continue to be able to cover its $1.18 annual dividend with an expected future payout ratio of 56.2%.
Artesian Resources Trading Up 0.5 %
Shares of NASDAQ:ARTNA traded up $0.18 during mid-day trading on Wednesday, hitting $36.68. The company had a trading volume of 100 shares, compared to its average volume of 58,070. The company has a market capitalization of $377.36 million, a PE ratio of 21.47 and a beta of 0.19. The firm has a fifty day moving average price of $36.96 and a 200 day moving average price of $36.58. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.42 and a quick ratio of 1.20. Artesian Resources has a one year low of $33.34 and a one year high of $47.94.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Artesian Resources from a “sell” rating to a “hold” rating in a report on Thursday, April 18th.
View Our Latest Research Report on Artesian Resources
Artesian Resources Company Profile
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware.
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