Artesian Resources (ARTNA) Projected to Post Earnings on Wednesday

Artesian Resources (NASDAQ:ARTNA) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, March 12th. Analysts expect the company to announce earnings of $0.36 per share and revenue of $25.00 million for the quarter.

Artesian Resources Stock Performance

Shares of NASDAQ ARTNA opened at $33.46 on Tuesday. Artesian Resources has a 12-month low of $29.45 and a 12-month high of $41.29. The firm has a market capitalization of $344.57 million, a price-to-earnings ratio of 17.16 and a beta of 0.19. The company has a current ratio of 1.22, a quick ratio of 1.07 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average of $31.21 and a 200 day moving average of $33.68.

Artesian Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.3014 per share. This represents a $1.21 annualized dividend and a dividend yield of 3.60%. The ex-dividend date was Friday, February 7th. This is a boost from Artesian Resources’s previous quarterly dividend of $0.30. Artesian Resources’s dividend payout ratio (DPR) is currently 61.54%.

About Artesian Resources

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.