Artesian Resources Corporation (NASDAQ:ARTNA) announced a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Stockholders of record on Monday, November 13th will be paid a dividend of 0.2352 per share by the utilities provider on Wednesday, November 22nd. This represents a $0.94 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, November 10th. This is an increase from Artesian Resources Corporation’s previous quarterly dividend of $0.23.
Shares of Artesian Resources Corporation (NASDAQ:ARTNA) opened at $40.86 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.26 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $380.25 million, a P/E ratio of 28.16 and a beta of 0.09.
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ARTNA has been the subject of several research reports. BidaskClub downgraded shares of Artesian Resources Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Artesian Resources Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th.
Artesian Resources Corporation Company Profile
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.
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