Artesian Resources Co. (NASDAQ:ARTNA - Get Free Report) announced a quarterly dividend on Monday, January 27th,Wall Street Journal reports. Shareholders of record on Friday, February 7th will be given a dividend of 0.3014 per share by the utilities provider on Friday, February 21st. This represents a $1.21 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Friday, February 7th. This is a positive change from Artesian Resources's previous quarterly dividend of $0.30.
Artesian Resources has increased its dividend by an average of 4.1% per year over the last three years. Artesian Resources has a payout ratio of 57.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Artesian Resources to earn $2.00 per share next year, which means the company should continue to be able to cover its $1.21 annual dividend with an expected future payout ratio of 60.5%.
Artesian Resources Stock Performance
Shares of NASDAQ ARTNA traded down $0.07 during trading hours on Friday, reaching $30.73. The stock had a trading volume of 36,857 shares, compared to its average volume of 41,488. The firm has a 50-day moving average of $32.01 and a 200-day moving average of $34.95. The firm has a market cap of $316.47 million, a price-to-earnings ratio of 15.76 and a beta of 0.24. The company has a current ratio of 1.22, a quick ratio of 1.07 and a debt-to-equity ratio of 0.74. Artesian Resources has a fifty-two week low of $29.45 and a fifty-two week high of $41.29.
Artesian Resources (NASDAQ:ARTNA - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.61 by $0.05. Artesian Resources had a return on equity of 8.57% and a net margin of 18.96%. The business had revenue of $29.14 million during the quarter, compared to analysts' expectations of $29.00 million. Equities research analysts predict that Artesian Resources will post 1.92 earnings per share for the current year.
About Artesian Resources
(
Get Free Report)
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.
Featured Articles
Before you consider Artesian Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Artesian Resources wasn't on the list.
While Artesian Resources currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
