Member-only story

This Small-Cap Utility Raises Its Dividend TWICE Per Year!

Dividends Forever
2 min readDec 31, 2024

--

Most stocks raise their dividend once per year. But Artesian Resources Corporation ($ARTNA) does things a little differently…

Artesian Resources raises their dividend twice each year.

Artesian Resources is a small-cap water utility that has increased its dividend every year for the past 28 years.

And Artesian Resources typically issues their first dividend raise in the spring and their second dividend raise in the fall. In 2024, for example, Artesian Resources raised their dividend by 2% in May and another 2% in November.

And they did something similar in 2023, 2022, and 2021.

This 4% annual raise puts Artesian Resources’ dividend growth ahead of utility stalwarts like Consolidated Edison or Duke Energy.

Lastly, Artesian Resources has been absolutely hammered this year, with its share price declining almost -23% year-to-date.

At the time of writing, Artesian Resources trades for a price to earnings ratio of 16.45 and pays a 3.82% starting dividend yield. And while this isn’t a high-growth company, Artesian Resources provides water services to 301,000 customers in northern Delaware and has been in business for over 115 years.

This is a stock with a geographic moat and an essential product. Yet, Artesian Resources is trading at a multi-year low.

And because of this, I’m interested in acquiring more shares.

Artesian Resources offers a solid starting dividend yield at almost 4%. And, the share price has rebound potential once Wall Street cycles back into the utility sector.

Disclaimer: This article is for entertainment purposes only. It is not financial advice, always do your own research.

--

--

Dividends Forever
Dividends Forever

Written by Dividends Forever

Providing you with detailed insights into long-term, buy-and-hold dividend investment opportunities.

No responses yet