Artesian Resources Corporation Announces 5% Increase In Common Stock Dividend

• Press Release
• Source: Artesian Resources Corporation
• On 5:21 pm EDT, Tuesday October 20, 2009

NEWARK, Del., Oct. 20 /PRNewswire-FirstCall/ -- The Board of Directors of Artesian Resources Corporation (Nasdaq: ARTNA - News) today approved a 5% increase in the Class A Non-Voting and Class B Common shareholders' dividend, raising the annual dividend to $0.7492 per share. The quarterly dividend of $0.1873 per share is payable November 20, 2009 to shareholders of record at the close of business on November 10, 2009. This is the 68th consecutive quarterly dividend paid to shareholders.

Dian C. Taylor, Chair, President and CEO of Artesian Resources said, "The dividend increase underscores the financial strength of Artesian Resources and our long-standing commitment to deliver increased value to our shareholders, even in this difficult economic environment."

About Artesian Resources

Artesian Resources Corporation operates as the holding company of eight wholly-owned subsidiaries offering water, wastewater and engineering services on the Delmarva Peninsula. Artesian Water Company, the principal subsidiary, is the oldest and largest investor-owned public water utility on the Delmarva Peninsula, and has been providing water service since 1905.