Artesian Resources Corporation (ARTNA) will raise its quarterly dividend by 1.5 percent to $0.2423 per share in the fourth quarter of 2018. This is the company's second dividend hike this year for a total dividend increase of 3.0% YTD.

The next quarterly dividend of $0.2423 is payable November 21, 2018 to shareholders of record at the close of business on November 14, 2018. The new annual dividend of almost 97 cents per share yields 2.6% at a stock price of $36.78.

“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 113(th) year of providing superior service to those we serve on the Delmarva Peninsula,” 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.