Artesian Resources Corporation Raises Quarterly Common Stock Dividend To $0.2897 Per Share
Portfolio Pulse from Benzinga Newsdesk
Artesian Resources Corporation (NASDAQ:ARTNA) has announced a 2% increase in its quarterly common stock dividend, raising it to $0.2897 per share. This marks the company's 124th consecutive quarterly dividend and the second increase this year, bringing the total increase to 4%.
November 06, 2023 | 10:46 pm
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POSITIVE IMPACT
Artesian Resources Corporation has increased its quarterly common stock dividend by 2%, marking the second increase this year and a total increase of 4%. This could potentially attract more investors, positively impacting the stock price.
Dividend increases are generally seen as a positive signal by the market, indicating that a company is confident in its future earnings. This could potentially attract more investors, driving up the demand and price of the stock. Given that this is the second increase this year, it shows that Artesian Resources Corporation is consistently able to generate enough profits to increase its dividends, which is a positive sign for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100