Dividend Action: Can we expect Artesian Resources Corporation (NASDAQ:ARTNA) to bring investors news of $0.23 dividends?

Dividend Action: Can we expect Artesian Resources Corporation (NASDAQ:ARTNA) to bring investors news of $0.23 dividends?

Artesian Resources Corporation (NASDAQ:ARTNA) is expected to pay $0.23 on Nov 21, 2016. The indicated annual dividend is $0.91. Shareholders owning the stock before Nov 7, 2016 will be eligible to receive the payout. Based on Artesian Resources Corporation’s current price of $28.03, the dividend is 0.81%. This dividend’s record date is Nov 9, 2016 and the announcement date is Sep 30, 2016. The stock decreased 0.85% or $0.24 on November 4, hitting $28.03. About 28,592 shares traded hands or 53.57% up from the average. Artesian Resources Corporation (NASDAQ:ARTNA) has risen 3.55% since April 5, 2016 and is uptrending. It has outperformed by 1.59% the S&P500.

Artesian Resources Corporation is a holding company. The company has a market cap of $247.75 million. The Company, through its subsidiaries, offers water, wastewater and other services on the Delmarva Peninsula. It has a 21.25 P/E ratio. It distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility clients in Delaware, Maryland and Pennsylvania.

Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 1.50, from 2.39 in 2016Q1. The ratio turned negative, as 3 funds sold all Artesian Resources Corporation shares owned while 33 reduced positions. 8 funds bought stakes while 24 increased positions. They now own 3.35 million shares or 0.42% more from 3.33 million shares in 2016Q1.
Moreover, Martingale Asset L P has 0.01% invested in Artesian Resources Corporation (NASDAQ:ARTNA) for 16,209 shares. Schwab Charles Invest Management reported 14,500 shares or 0% of all its holdings. Blackrock Fund Advisors has 205,947 shares for 0% of their US portfolio. Strs Ohio reported 6,700 shares or 0% of all its holdings. Moreover, Raymond James Fincl Incorporated has 0% invested in Artesian Resources Corporation (NASDAQ:ARTNA) for 9,854 shares. Gabelli Funds Ltd Company holds 0% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA) for 24,000 shares. Creative Planning reported 12,068 shares or 0% of all its holdings. Advsrs Asset Mgmt Incorporated owns 3,849 shares or 0% of their US portfolio. Deprince Race & Zollo accumulated 0.04% or 60,998 shares. First Manhattan Communications holds 261,544 shares or 0.05% of its portfolio. Nationwide Fund Advsr has 0% invested in the company for 8,557 shares. Morgan Stanley has 0% invested in the company for 95,437 shares. Blackrock Advsrs Ltd Llc has 3,722 shares for 0% of their US portfolio. Northern Trust reported 103,214 shares or 0% of all its holdings. The New York-based Dalton Greiner Hartman Maher & has invested 0.13% in Artesian Resources Corporation (NASDAQ:ARTNA).

Insider Transactions: Since May 9, 2016, the stock had 2 insider buys, and 4 insider sales for $495,088 net activity. $896 worth of Artesian Resources Corporation (NASDAQ:ARTNA) was bought by Taylor Nicholle Renee on Thursday, May 12. EISENBREY JOHN R JR sold $220,775 worth of stock. Shares for $96,221 were sold by WYER WILLIAM C on Monday, May 9. BIEDERMAN KENNETH R sold $188,623 worth of Artesian Resources Corporation (NASDAQ:ARTNA) on Monday, May 9. Anderson Pierre A sold 250 shares worth $7,153.

Artesian Resources Corporation (NASDAQ:ARTNA) Ratings Coverage

Out of 2 analysts covering Artesian Resources (NASDAQ:ARTNA), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Artesian Resources has been the topic of 4 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Friday, November 6 by Hilliard Lyons. The rating was upgraded by Zacks to “Hold” on Friday, August 7. The firm earned “Neutral” rating on Wednesday, March 2 by Robert W. Baird. Hilliard Lyons downgraded Artesian Resources Corporation (NASDAQ:ARTNA) on Wednesday, October 21 to “Underperform” rating.

More important recent Artesian Resources Corporation (NASDAQ:ARTNA) news were published by: Nasdaq.com which released: “Artesian Resources Corporation (ARTNA) Ex-Dividend Date Scheduled for November …” on November 04, 2016, also Globenewswire.com published article titled: “Artesian Resources Corporation Reports 2016 Third Quarter and Year-to-Date Results”, Delawareonline.com published: “Artesian Resources nets $2.8M 1Q profit” on May 05, 2016. More interesting news about Artesian Resources Corporation (NASDAQ:ARTNA) was released by: Seekingalpha.com and their article: “Artesian Resources: Small Company, Big Dividends (ARTNA)” with publication date: December 15, 2014.

ARTNA Company Profile

Artesian Resources Corporation, incorporated on February 10, 1927, is a holding company. The Company, through its subsidiaries, offers water, wastewater and other services on the Delmarva Peninsula. The Firm distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility clients in Delaware, Maryland and Pennsylvania. It provides wastewater services to clients in Delaware. It also provides contract water and wastewater operations, and water and sewer Service Line Protection Plans. The Company’s subsidiaries include Artesian Water Company, Inc. (Artesian Water), Artesian Water Pennsylvania, Inc. (Artesian Water Pennsylvania), Artesian Water Maryland, Inc. (Artesian Water Maryland), Artesian Wastewater Management, Inc. (Artesian Wastewater), Artesian Wastewater Maryland, Inc. (Artesian Wastewater Maryland), Artesian Utility Development, Inc. (Artesian Utility), Artesian Development Corporation (Artesian Development) and Artesian Consulting Engineers, Inc. (Artesian Consulting Engineers).

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