Elevating Investor Returns: Artesian Resources Delivers Strong Performance and Growing Profits
By the end of today, November 24, 2023, Artesian Resources (NASDAQ:ARTNA) is set to deliver a dividend payout of $0.29 per share, equating to an annualized dividend yield of 2.75%. The company's dividend payout went ex-dividend on November 15, 2023, so only the investors that owned the stock prior to the ex-dividend date will receive this payout.
Artesian Resources Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-15 | 4 | $0.29 | 2.75% | 2023-11-06 | 2023-11-16 | 2023-11-24 |
| 2023-08-16 | 4 | $0.28 | 2.51% | 2023-08-07 | 2023-08-17 | 2023-08-25 |
| 2023-05-18 | 4 | $0.28 | 2.07% | 2023-05-09 | 2023-05-19 | 2023-05-26 |
| 2023-02-08 | 4 | $0.28 | 1.8% | 2023-01-25 | 2023-02-09 | 2023-02-23 |
| 2022-11-10 | 4 | $0.28 | 2.18% | 2022-11-03 | 2022-11-14 | 2022-11-23 |
| 2022-08-08 | 4 | $0.27 | 2.39% | 2022-06-23 | 2022-08-09 | 2022-08-23 |
| 2022-05-06 | 4 | $0.27 | 2.3% | 2022-04-13 | 2022-05-09 | 2022-05-23 |
| 2022-02-08 | 4 | $0.27 | 2.35% | 2022-01-25 | 2022-02-09 | 2022-02-23 |
| 2021-11-05 | 4 | $0.27 | 2.8% | 2021-09-22 | 2021-11-08 | 2021-11-19 |
| 2021-08-06 | 4 | $0.26 | 2.84% | 2021-06-23 | 2021-08-09 | 2021-08-20 |
| 2021-05-06 | 4 | $0.26 | 2.59% | 2021-04-14 | 2021-05-07 | 2021-05-21 |
| 2021-02-05 | 4 | $0.26 | 2.69% | 2021-01-20 | 2021-02-08 | 2021-02-22 |
When comparing Artesian Resources's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Essential Utilities (NYSE:WTRG) having the highest annualized dividend yield at 3.51%.
Analyzing Artesian Resources Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $0.98 in 2019 to $1.09 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Artesian Resources
From 2019 to 2022, Artesian Resources experienced a growth in earnings per share, with an increase from $1.60 to $1.97. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article takes an in-depth look at Artesian Resources's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.29 per share today, translating to an annualized dividend yield of 2.75%.
When comparing Artesian Resources's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Essential Utilities having the highest annualized dividend yield at 3.51%.
Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, Artesian Resources appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
[See current stock movements Artesian Resources on Benzinga.](https://www.benzinga.com/quote/Artesian Resources (NASDAQ: ARTNA))
This article was generated by Benzinga's automated content engine and reviewed by an editor.