Artesian Resources Corporation (NASDAQ:ARTNA) changed 1.26% to recent value of $33.76. The stock transacted 20438 shares during most recent day however it has an average volume of 32.62K shares. It spotted trading -14.75% off 52-week high price. On the other end, the stock has been noted 12.50% away from the low price over the last 52-weeks.
On Sept. 25, 2020, Artesian Resources Corporation (NASDAQ:ARTNA) released that its Board of Directors has approved a 3% increase in the company’s Class A and Class B Common Stock dividend, raising the annual dividend to $1.0284 per share. The quarterly dividend of $0.2571 is payable November 20, 2020 to shareholders of record at the close of business on November 9, 2020.
We are pleased to announce this 3% dividend increase. Our Artesian team continues to work diligently to expand our water and wastewater businesses significantly, while generating strong financial results. We look forward to continuing our successful acquisitions, growing our customer base and increasing our revenues to provide consistent returns to our shareholders, said Dian C. Taylor, Chair, President and CEO.
Artesian Resources has now paid quarterly dividends to its shareholders for 112 consecutive quarters and for the 24th consecutive year has increased dividends.
ARTNA has an operating margin of 31.10% while its profit margin remained 19.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained 1.80% for this year while earning per share for the next 5-years is expected to reach at 4.00%.
The company has 9.33M of outstanding shares and 8.34M shares were floated in the market. According to the most recent quarter its current ratio was 0.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.97% from the mean of 20 days, -4.78% from mean of 50 days SMA and performed -5.79% from mean of 200 days price. Company’s performance for the week was -2.60%, -3.98% for month and YTD performance remained -9.27%.