At the end of August 25, 2023, Artesian Resources ARTNA will reward its shareholders with a dividend payout of $0.28 per share, demonstrating an annualized dividend yield of 2.51%. Remember, only investors who held the stock before the ex-dividend date on August 16, 2023 will receive this payout.
Artesian Resources Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 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 |
| 2020-11-06 | 4 | $0.26 | 3.08% | 2020-09-25 | 2020-11-09 | 2020-11-20 |
In terms of dividend yield, Artesian Resources finds itself in the middle ground among its industry peers, while Essential Utilities WTRG takes the lead with the highest annualized dividend yield at 3.35%.
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
From 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $0.98 in 2019 to $1.09 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Artesian Resources
Investors can observe a growth in earnings for Artesian Resources from 2019 to 2022, as earnings per share increased from $1.60 to $1.97. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
This article delves into the recent dividend payout of Artesian Resources and its implications for shareholders. Presently, the company is distributing a dividend of $0.28 per share, leading to an annualized dividend yield of 2.51%.
In terms of dividend yield, Artesian Resources finds itself in the middle ground among its industry peers, while Essential Utilities takes the lead with the highest annualized dividend yield at 3.35%.
The upward trend in dividend per share and earnings per share for Artesian Resources from 2019 to 2022 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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