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Artesian Resources Corp (ARTNA) will raise its quarterly dividend by 1.5 percent to $0.2352 per share in the fourth quarter of 2017. This is the water utility's second dividend increase this year.

The next dividend is payable November 22, 2017 to shareholders of record on November 13, 2017. The ex-dividend date will be November 10, 2017.

Artesian Resources Corporation operates as the holding company for wholly-owned subsidiaries offering water, 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.