Notable News Spotlight: Artesian Resources Corporation (NASDAQ: ARTNA)

Earnings News

Artesian Resources Corporation stock identified change of 11.28% away from 52-week low price and recently located move of -17.61% off 52-week high price. It has market worth of $322.98M and dividend yield of 2.67%. ARTNA stock has been recorded -3.62% away from 50 day moving average and -4.32% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.89% off 20-day moving average.

Artesian Resources Corporation (NASDAQ: ARTNA) announced that its Board of Directors has approved a 1.5% increase in the company’s Class A and Class B Common Stock dividend, raising the annual dividend to $0.9692 per share. The quarterly dividend of $0.2423 is payable November 21, 2018 to shareholders of record at the close of business on November 14, 2018.

“As a company, Artesian is committed to delivering a safe and reliable supply of water to our customers, as well as delivering a fair return to our shareholders. This marks our 113th year of providing superior service to those we serve on the Delmarva Peninsula,” said Dian C. Taylor, Chair, President and CEO.

For Artesian, this is the 104th consecutive quarterly dividend paid to shareholders and the 22nd consecutive year it has increased dividends.

Artesian Resources Corporation operates as a holding company of wholly-owned subsidiaries offering water and wastewater services, and related services, on the Delmarva Peninsula. Artesian Water Company, the principal subsidiary, is the oldest and largest regulated water utility on the Delmarva Peninsula and has been providing water service since 1905. Artesian supplies 7.9 billion gallons of water per year through 1,293 miles of water main to nearly a third of Delaware residents.

The Utilities sector company, Artesian Resources Corporation noticed change of -2.33% to $35.61 along volume of 10035 shares in recent session compared to an average volume of 13.95K. The stock observed return of 1.22% in 5 days trading activity. The stock was at -1.93% over one month performance. ARTNA’s shares are at -8.62% for the quarter and driving a -5.54% return over the course of the past year and is now at -7.65% since this point in 2018.

The average volatility for the week at 2.86% and for month was at 2.39%. There are 9.07M shares outstanding and 8.28M shares are floated in market. Right now the stock beta is -0.06.

Thomas Lizotte is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. Thomas is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Earnings News category for our site.



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