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. It also provides contract water and wastewater services; water, sewer, and internal service line protection plans; and wastewater management services, as well as design, construction, and engineering services. In addition, the company offers services to other water utilities, including operations and billing functions; owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility; and provides design, installation, maintenance, and repair services related to existing or proposed storm water management systems. As of December 31, 2021, it served approximately 91,700 customers in Delaware, 2,500 customers in Maryland, and 40 customers in Pennsylvania through 1,368 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.
Artesian Resources Dividend Announcement
• Artesian Resources announced a quarterly dividend of $0.30 per ordinary share which will be made payable on 2024-08-27. Ex dividend date: 2024-08-16
• Artesian Resources annual dividend for 2024 was $0.88
• Artesian Resources annual dividend for 2023 was $1.14
• Artesian Resources's trailing twelve-month (TTM) dividend yield is 3.52%
• Artesian Resources's payout ratio for the trailing twelve months (TTM) is 65.17%
• Artesian Resources's dividend growth over the last five years (2018-2023) was 3.53% year
• Artesian Resources's dividend growth over the last ten years (2013-2023) was 3.27% year
Artesian Resources Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-16 | $0.30 | quarterly | 2024-08-27 |
2024-05-16 | $0.30 | quarterly | 2024-05-28 |
2024-02-08 | $0.29 | quarterly | 2024-02-23 |
2023-11-15 | $0.29 | quarterly | 2023-11-24 |
2023-08-16 | $0.28 | quarterly | 2023-08-25 |
2023-05-18 | $0.28 | quarterly | 2023-05-26 |
2023-02-08 | $0.28 | quarterly | 2023-02-23 |
2022-11-10 | $0.28 | quarterly | 2022-11-23 |
2022-08-08 | $0.27 | quarterly | 2022-08-23 |
2022-05-06 | $0.27 | quarterly | 2022-05-23 |
2022-02-08 | $0.27 | quarterly | 2022-02-23 |
2021-11-05 | $0.27 | quarterly | 2021-11-19 |
2021-08-06 | $0.26 | quarterly | 2021-08-20 |
2021-05-06 | $0.26 | quarterly | 2021-05-21 |
2021-02-05 | $0.26 | quarterly | 2021-02-22 |
2020-11-06 | $0.26 | quarterly | 2020-11-20 |
2020-08-06 | $0.25 | quarterly | 2020-08-21 |
2020-05-07 | $0.25 | quarterly | 2020-05-22 |
2020-02-06 | $0.25 | quarterly | 2020-02-21 |
2019-11-07 | $0.25 | quarterly | 2019-11-22 |
2019-08-08 | $0.25 | quarterly | 2019-08-23 |
2019-05-09 | $0.25 | quarterly | 2019-05-23 |
2019-02-07 | $0.24 | quarterly | 2019-02-22 |
2018-11-13 | $0.24 | quarterly | 2018-11-21 |
2018-08-10 | $0.24 | quarterly | 2018-08-24 |
2018-05-11 | $0.24 | quarterly | 2018-05-25 |
2018-02-08 | $0.24 | quarterly | 2018-02-23 |
2017-11-10 | $0.24 | quarterly | 2017-11-22 |
2017-08-10 | $0.23 | quarterly | 2017-08-25 |
2017-05-11 | $0.23 | quarterly | 2017-05-26 |
2017-02-08 | $0.23 | quarterly | 2017-02-22 |
2016-11-07 | $0.23 | quarterly | 2016-11-21 |
2016-08-08 | $0.22 | quarterly | 2016-08-22 |
2016-05-12 | $0.22 | quarterly | 2016-05-27 |
2016-02-08 | $0.22 | quarterly | 2016-02-22 |
2015-11-05 | $0.22 | quarterly | 2015-11-20 |
2015-08-06 | $0.22 | quarterly | 2015-08-21 |
2015-05-07 | $0.22 | quarterly | 2015-05-22 |
2015-02-09 | $0.22 | quarterly | 2015-02-23 |
2014-11-05 | $0.22 | quarterly | 2014-11-21 |
2014-08-07 | $0.21 | quarterly | 2014-08-22 |
2014-05-08 | $0.21 | quarterly | 2014-05-23 |
2014-02-06 | $0.21 | quarterly | 2014-02-21 |
2013-11-06 | $0.21 | quarterly | 2013-11-22 |
2013-08-08 | $0.21 | quarterly | 2013-08-23 |
2013-05-08 | $0.21 | quarterly | 2013-05-22 |
2013-02-07 | $0.20 | quarterly | 2013-02-22 |
Artesian Resources Dividend per year
Artesian Resources Dividend growth
Artesian Resources Dividend Yield
Artesian Resources current trailing twelve-month (TTM) dividend yield is 3.52%. Interested in purchasing Artesian Resources stock? Use our calculator to estimate your expected dividend yield:
Artesian Resources Financial Ratios
Artesian Resources Dividend FAQ
Other factors to consider when evaluating Artesian Resources as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Artesian Resources's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Artesian Resources publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Artesian Resources distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Artesian Resources are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Artesian Resources sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Artesian Resources distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Artesian Resources declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Artesian Resources's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Artesian Resources's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.