Artesian Resources Corporation (ARTNA) will raise its quarterly dividend by 1.5 percent to $0.2387 per share in the second quarter of 2018. This follows a dividend hike of 3 percent in 2017.

The next quarterly dividend of $0.2387 is payable May 25, 2018 to shareholders of record at the close of business on May 14, 2018.  This is the 102(nd) consecutive quarterly dividend paid to shareholders. The new dividend yield for ARTNA is 2.5%.

“Our record of consistently increasing dividends to our shareholders over the last 22 years speaks to our commitment to deliver a fair return to our investors.   We are equally committed to providing a safe and reliable supply of water and superior service to our customers,” said Dian C. Taylor, Chair, President and CEO.

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.