NEWARK, Del., Oct. 20 /PRNewswire-FirstCall/ -- The Board of Directors of Artesian Resources Corporation today approved a 5% increase in the Class A Non-Voting and Class B Common shareholders' dividend, raising the annual dividend to $0.7492 per share. The quarterly dividend of $0.1873 per share is payable November 20, 2009 to shareholders of record at the close of business on November 10, 2009. This is the 68th consecutive quarterly dividend paid to shareholders.
Dian C. Taylor, Chair, President and CEO of Artesian Resources said, "The dividend increase underscores the financial strength of Artesian Resources and our long-standing commitment to deliver increased value to our shareholders, even in this difficult economic environment."
About Artesian Resources
Artesian Resources Corporation operates as the holding company of eight wholly-owned subsidiaries offering water, wastewater and engineering services on the Delmarva Peninsula. Artesian Water Company, the principal subsidiary, is the oldest and largest investor-owned public water utility on the Delmarva Peninsula, and has been providing water service since 1905.
Artesian Resources Corporation
CONTACT: Nicki Taylor, Investor Relations of Artesian Resources
Corporation, +1-302-453-6900, ntaylor@artesianwater.com
Web Site: http://www.artesianwater.com/
