Artesian Resources Corp. (ARTNA)

[honey/pot]

Artesian Resources Corporation ARTNA continues to maximize shareholders’ wealth through the payment of steady as well as incremental dividends. The board of directors has yet again raised its quarterly cash dividend rate of Class A and Class B shares by 1.5% to 22.16 cents per share. The revised dividend will be paid on Nov 16, 2015, to shareholders of record as of Nov 9.

On an annualized basis, Artesian Resources’ dividend rate will come to 88.64 cents per share. The company’s current annual dividend yield is 4.03%, higher than the industry average of 3.32.

This water and wastewater management company has paid cash dividends for 23 consecutive years. The company has without fail hiked its dividend rate in each of the past 19 years. Over the last five years the company has raised the dividend by an average of 3.2% annually. These consistent dividend payments have been possible due to the proper functioning of its Delmarva Peninsula growth strategy.

Common shares receive .168 quarterly dividend up from .163 a year ago