Artesian Resources Key Executives
This section highlights Artesian Resources's key executives, including their titles and compensation details.
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Artesian Resources Earnings
This section highlights Artesian Resources's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
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Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware. It also provides contract water and wastewater services; water, sewer, and internal service line protection plans; and wastewater management services, as well as design, construction, and engineering services. In addition, the company offers services to other water utilities, including operations and billing functions; owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility; and provides design, installation, maintenance, and repair services related to existing or proposed storm water management systems. As of December 31, 2021, it served approximately 91,700 customers in Delaware, 2,500 customers in Maryland, and 40 customers in Pennsylvania through 1,368 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.
$32.65
Stock Price
$335.80M
Market Cap
36
Employees
Newark, DE
Location
Financial Statements
Access annual & quarterly financial statements for Artesian Resources, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $107.95M | $98.86M | $98.90M | $90.86M | $88.14M |
| Cost of Revenue | $54.54M | $50.63M | $50.62M | $45.36M | $43.62M |
| Gross Profit | $53.41M | $48.23M | $48.27M | $45.50M | $44.53M |
| Gross Profit Ratio | 49.48% | 48.78% | 48.81% | 50.10% | 50.52% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $- | $- | $- | $- | $- |
| Other Expenses | $27.26M | $25.78M | $18.49M | $17.47M | $16.55M |
| Operating Expenses | $27.26M | $25.78M | $18.49M | $17.47M | $16.55M |
| Cost and Expenses | $81.80M | $76.42M | $69.11M | $62.83M | $60.16M |
| Interest Income | $- | $- | $8.50M | $7.59M | $7.62M |
| Interest Expense | $8.78M | $9.16M | $8.50M | $7.59M | $7.62M |
| Depreciation and Amortization | $13.63M | $13.34M | $12.62M | $11.88M | $11.14M |
| EBITDA | $50.12M | $42.13M | $42.40M | $39.92M | $39.12M |
| EBITDA Ratio | 46.43% | 42.61% | 44.16% | 45.36% | 45.49% |
| Operating Income | $26.15M | $22.45M | $23.91M | $22.29M | $22.30M |
| Operating Income Ratio | 24.22% | 22.70% | 24.17% | 24.54% | 25.29% |
| Total Other Income Expenses Net | $-5.76M | $601.00K | $-30.00K | $270.00K | $206.00K |
| Income Before Tax | $20.39M | $23.05M | $23.88M | $22.56M | $22.50M |
| Income Before Tax Ratio | 18.89% | 23.31% | 24.14% | 24.83% | 25.53% |
| Income Tax Expense | $- | $6.35M | $5.88M | $5.74M | $5.68M |
| Net Income | $20.39M | $16.70M | $18.00M | $16.83M | $16.82M |
| Net Income Ratio | 18.89% | 16.89% | 18.20% | 18.52% | 19.08% |
| EPS | $1.98 | $1.67 | $1.90 | $1.79 | $1.80 |
| EPS Diluted | $1.98 | $1.67 | $1.90 | $1.79 | $1.80 |
| Weighted Average Shares Outstanding | 10.29M | 10.02M | 9.46M | 9.39M | 9.33M |
| Weighted Average Shares Outstanding Diluted | 10.30M | 10.02M | 9.48M | 9.43M | 9.37M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.85M | $29.14M | $27.42M | $24.54M | $24.55M | $26.57M | $25.25M | $22.50M | $25.12M | $26.58M | $25.01M | $22.19M | $22.57M | $24.99M | $22.56M | $20.74M | $21.75M | $24.74M | $21.75M | $19.90M |
| Cost of Revenue | $14.80M | $13.34M | $16.75M | $16.54M | $16.27M | $12.71M | $12.75M | $12.36M | $15.21M | $12.00M | $11.97M | $11.44M | $12.29M | $11.94M | $10.62M | $10.51M | $11.69M | $11.87M | $10.09M | $9.96M |
| Gross Profit | $12.05M | $15.80M | $10.67M | $8.01M | $8.28M | $13.86M | $12.50M | $10.14M | $9.91M | $14.58M | $13.04M | $10.75M | $10.28M | $13.05M | $11.95M | $10.22M | $10.06M | $12.86M | $11.66M | $9.94M |
| Gross Profit Ratio | 44.86% | 54.23% | 38.90% | 32.60% | 33.70% | 52.20% | 49.50% | 45.10% | 39.40% | 54.90% | 52.10% | 48.40% | 45.50% | 52.20% | 52.90% | 49.30% | 46.27% | 52.00% | 53.60% | 49.94% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Expenses | $6.40M | $7.21M | $-1.52M | $-1.61M | $-1.57M | $-35.00K | $-12.00K | $4.76M | $4.77M | $4.67M | $4.47M | $4.59M | $3.00K | $-44.00K | $-59.00K | $1.40M | $-51.00K | $-53.00K | $-13.00K | $1.09M |
| Operating Expenses | $6.40M | $7.21M | $1.52M | $1.61M | $1.57M | $4.95M | $4.70M | $4.76M | $4.77M | $4.67M | $4.47M | $4.59M | $4.35M | $4.37M | $4.32M | $4.43M | $4.22M | $4.21M | $4.00M | $4.12M |
| Cost and Expenses | $21.21M | $20.55M | $18.27M | $18.14M | $17.84M | $17.66M | $17.45M | $17.12M | $19.98M | $16.67M | $16.44M | $16.02M | $16.65M | $16.30M | $14.93M | $14.94M | $15.91M | $16.08M | $14.09M | $14.08M |
| Interest Income | $- | $- | $- | $- | $- | $- | $2.34M | $2.42M | $2.30M | $2.23M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $2.24M | $2.19M | $2.17M | $2.17M | $2.19M | $2.20M | $2.34M | $2.42M | $2.30M | $2.23M | $2.09M | $1.89M | $1.91M | $1.91M | $1.89M | $1.88M | $1.93M | $1.91M | $1.88M | $1.90M |
| Depreciation and Amortization | $3.45M | $3.29M | $3.42M | $3.46M | $3.45M | $3.44M | $3.21M | $3.22M | $3.27M | $3.21M | $3.06M | $3.08M | $2.93M | $2.97M | $2.98M | $3.01M | $2.86M | $2.83M | $2.69M | $2.75M |
| EBITDA | $10.87M | $14.65M | $12.57M | $9.87M | $10.16M | $12.97M | $11.02M | $8.60M | $8.41M | $13.13M | $11.62M | $9.25M | $8.86M | $11.72M | $10.61M | $8.80M | $8.71M | $11.49M | $10.35M | $8.57M |
| EBITDA Ratio | 40.50% | 50.26% | 45.84% | 40.19% | 41.39% | 46.36% | 43.58% | 45.34% | 33.29% | 49.00% | 46.34% | 48.19% | 39.24% | 46.46% | 46.74% | 49.22% | 39.80% | 46.23% | 47.54% | 48.55% |
| Operating Income | $5.64M | $8.59M | $9.14M | $6.40M | $6.71M | $6.66M | $6.21M | $6.98M | $4.24M | $8.08M | $6.84M | $7.61M | $4.87M | $6.90M | $6.09M | $4.44M | $4.84M | $6.87M | $6.12M | $4.46M |
| Operating Income Ratio | 21.02% | 29.48% | 33.35% | 26.08% | 27.32% | 25.07% | 24.59% | 31.01% | 16.87% | 30.40% | 27.36% | 34.29% | 21.56% | 27.61% | 26.98% | 21.42% | 22.26% | 27.77% | 28.15% | 22.42% |
| Total Other Income Expenses Net | $-465.00K | $578.00K | $72.00K | $1.37M | $-842.00K | $659.00K | $-172.00K | $-1.96M | $-1.01M | $-104.00K | $-72.00K | $1.16M | $-748.00K | $-58.00K | $-40.00K | $1.11M | $-723.00K | $-22.00K | $-21.00K | $971.00K |
| Income Before Tax | $5.18M | $9.17M | $7.27M | $6.09M | $4.67M | $7.32M | $6.04M | $5.02M | $3.23M | $7.98M | $6.77M | $5.90M | $4.12M | $6.84M | $6.05M | $5.56M | $4.12M | $6.85M | $6.10M | $5.43M |
| Income Before Tax Ratio | 19.28% | 31.46% | 26.52% | 24.82% | 19.03% | 27.55% | 23.90% | 22.31% | 12.84% | 30.01% | 27.07% | 26.60% | 18.25% | 27.37% | 26.80% | 26.80% | 18.93% | 27.68% | 28.06% | 27.30% |
| Income Tax Expense | $1.33M | $2.35M | $1.95M | $1.68M | $1.19M | $2.25M | $1.59M | $1.31M | $900.00K | $1.83M | $1.73M | $1.42M | $1.06M | $1.78M | $1.54M | $1.35M | $1.00M | $1.78M | $1.54M | $1.36M |
| Net Income | $3.85M | $6.81M | $5.33M | $4.41M | $3.48M | $5.07M | $4.44M | $3.71M | $2.33M | $6.14M | $5.05M | $4.48M | $3.06M | $5.06M | $4.50M | $4.21M | $3.11M | $5.06M | $4.57M | $4.07M |
| Net Income Ratio | 14.32% | 23.38% | 19.42% | 17.97% | 14.18% | 19.09% | 17.60% | 16.47% | 9.26% | 23.11% | 20.18% | 20.21% | 13.55% | 20.23% | 19.97% | 20.28% | 14.32% | 20.47% | 20.99% | 20.47% |
| EPS | $0.37 | $0.66 | $0.52 | $0.43 | $0.34 | $0.49 | $0.44 | $0.39 | $0.24 | $0.65 | $0.53 | $0.48 | $0.33 | $0.54 | $0.48 | $0.45 | $0.33 | $0.54 | $0.49 | $0.44 |
| EPS Diluted | $0.37 | $0.66 | $0.52 | $0.43 | $0.34 | $0.49 | $0.44 | $0.39 | $0.24 | $0.65 | $0.53 | $0.47 | $0.32 | $0.54 | $0.48 | $0.45 | $0.33 | $0.54 | $0.49 | $0.44 |
| Weighted Average Shares Outstanding | 10.30M | 10.30M | 10.29M | 10.29M | 10.28M | 10.28M | 10.00M | 9.50M | 9.50M | 9.48M | 9.45M | 9.42M | 9.40M | 9.40M | 9.39M | 9.37M | 9.37M | 9.34M | 9.33M | 9.30M |
| Weighted Average Shares Outstanding Diluted | 10.30M | 10.30M | 10.29M | 10.29M | 10.28M | 10.28M | 10.00M | 9.51M | 9.51M | 9.49M | 9.47M | 9.46M | 9.43M | 9.43M | 9.43M | 9.41M | 9.41M | 9.38M | 9.37M | 9.34M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.15M | $2.50M | $1.31M | $92.00K | $28.00K |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $1.15M | $2.50M | $1.31M | $92.00K | $28.00K |
| Net Receivables | $11.34M | $16.56M | $16.73M | $8.86M | $11.96M |
| Inventory | $- | $5.98M | $4.70M | $1.93M | $1.53M |
| Other Current Assets | $12.04M | $5.57M | $5.06M | $4.96M | $4.10M |
| Total Current Assets | $24.53M | $30.62M | $27.80M | $19.16M | $17.62M |
| Property Plant Equipment Net | $4.02M | $718.48M | $672.24M | $594.63M | $563.82M |
| Goodwill | $1.94M | $1.94M | $1.94M | $- | $623.00K |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $1.94M | $1.94M | $1.94M | $-4.85M | $623.00K |
| Long Term Investments | $- | $- | $10.34M | $4.85M | $4.37M |
| Tax Assets | $- | $- | $54.55M | $53.13M | $50.31M |
| Other Non-Current Assets | $768.14M | $15.79M | $-47.08M | $-41.72M | $-43.53M |
| Total Non-Current Assets | $774.10M | $736.22M | $691.99M | $606.05M | $575.60M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $798.62M | $766.83M | $719.79M | $625.21M | $593.22M |
| Account Payables | $11.23M | $9.70M | $10.93M | $10.21M | $6.34M |
| Short Term Debt | $2.20M | $2.25M | $19.73M | $28.32M | $28.68M |
| Tax Payables | $500.00K | $2.00K | $6.00K | $- | $237.00K |
| Deferred Revenue | $3.35M | $2.98M | $2.49M | $2.27M | $2.06M |
| Other Current Liabilities | $8.32M | $7.48M | $8.47M | $6.43M | $6.52M |
| Total Current Liabilities | $25.59M | $22.41M | $44.07M | $47.70M | $43.72M |
| Long Term Debt | $808.00K | $178.81M | $176.09M | $143.70M | $142.76M |
| Deferred Revenue Non-Current | $- | $- | $54.55M | $21.26M | $21.68M |
| Deferred Tax Liabilities Non-Current | $52.67M | $58.80M | $54.99M | $53.59M | $50.79M |
| Other Non-Current Liabilities | $480.36M | $276.41M | $311.71M | $255.80M | $237.30M |
| Total Non-Current Liabilities | $533.84M | $514.02M | $487.79M | $399.50M | $380.07M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $559.43M | $536.43M | $531.86M | $447.20M | $423.79M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $10.30M | $10.29M | $9.50M | $9.41M | $9.36M |
| Retained Earnings | $84.97M | $76.74M | $71.29M | $63.61M | $56.61M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $-0 |
| Other Total Stockholders Equity | $143.92M | $143.37M | $107.14M | $104.99M | $103.46M |
| Total Stockholders Equity | $239.19M | $230.40M | $187.93M | $178.01M | $169.43M |
| Total Equity | $239.19M | $230.40M | $187.93M | $178.01M | $169.43M |
| Total Liabilities and Stockholders Equity | $798.62M | $766.83M | $719.79M | $625.21M | $593.22M |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $798.62M | $766.83M | $719.79M | $625.21M | $593.22M |
| Total Investments | $- | $8.38M | $10.34M | $4.85M | $4.37M |
| Total Debt | $2.57M | $181.06M | $198.26M | $171.99M | $171.34M |
| Net Debt | $1.42M | $178.56M | $196.95M | $171.90M | $171.31M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.15M | $10.70M | $6.25M | $9.50M | $2.50M | $6.46M | $5.92M | $115.00K | $1.31M | $108.00K | $220.00K | $478.00K | $92.00K | $610.00K | $369.00K | $249.00K | $28.00K | $249.00K | $373.00K | $330.00K |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $1.15M | $10.70M | $6.25M | $9.50M | $2.50M | $6.46M | $5.92M | $115.00K | $1.31M | $108.00K | $220.00K | $478.00K | $92.00K | $610.00K | $369.00K | $249.00K | $28.00K | $249.00K | $373.00K | $330.00K |
| Net Receivables | $13.82M | $10.25M | $14.65M | $12.47M | $16.56M | $15.34M | $14.57M | $12.25M | $16.73M | $14.54M | $11.03M | $8.92M | $8.86M | $11.31M | $11.56M | $9.97M | $11.96M | $11.13M | $9.95M | $8.02M |
| Inventory | $4.28M | $4.46M | $4.76M | $4.85M | $5.98M | $5.49M | $5.79M | $5.26M | $4.70M | $2.50M | $2.87M | $2.85M | $1.93M | $1.67M | $1.47M | $1.40M | $1.53M | $1.49M | $1.52M | $1.32M |
| Other Current Assets | $5.28M | $8.93M | $3.47M | $4.02M | $8.86M | $6.66M | $3.83M | $3.98M | $5.06M | $5.75M | $2.81M | $3.38M | $4.96M | $5.62M | $2.96M | $2.98M | $4.10M | $4.98M | $2.66M | $3.00M |
| Total Current Assets | $24.53M | $34.34M | $29.14M | $30.85M | $30.62M | $33.95M | $30.11M | $21.61M | $27.80M | $22.90M | $16.93M | $15.64M | $19.16M | $19.20M | $16.36M | $14.60M | $17.62M | $17.85M | $14.50M | $12.68M |
| Property Plant Equipment Net | $751.20M | $734.22M | $727.95M | $726.36M | $718.48M | $710.15M | $699.74M | $683.94M | $672.24M | $660.16M | $643.72M | $622.63M | $594.63M | $585.75M | $581.34M | $571.63M | $563.82M | $557.65M | $548.82M | $541.46M |
| Goodwill | $1.94M | $1.94M | $1.94M | $1.94M | $1.94M | $1.94M | $1.94M | $1.94M | $1.94M | $2.98M | $- | $- | $- | $- | $623.00K | $623.00K | $623.00K | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $1.94M | $1.94M | $1.94M | $1.94M | $1.94M | $1.94M | $1.94M | $1.94M | $1.94M | $2.98M | $- | $-53.37M | $-5.33M | $-47.90M | $623.00K | $623.00K | $623.00K | $- | $- | $- |
| Long Term Investments | $- | $- | $8.92M | $8.92M | $8.38M | $-705.95M | $5.88M | $5.88M | $10.34M | $5.35M | $5.35M | $5.35M | $4.85M | $4.85M | $4.85M | $4.85M | $- | $- | $- | $- |
| Tax Assets | $- | $- | $51.04M | $58.27M | $318.00K | $58.23M | $- | $54.46M | $513.00K | $54.89M | $52.70M | $53.37M | $479.00K | $47.90M | $47.25M | $49.08M | $- | $50.41M | $50.50M | $50.95M |
| Other Non-Current Assets | $20.95M | $25.51M | $-35.86M | $-50.93M | $7.42M | $663.49M | $12.45M | $-42.04M | $6.96M | $-43.49M | $-44.62M | $9.14M | $11.42M | $6.64M | $-40.45M | $-42.42M | $11.16M | $-38.48M | $-37.92M | $-39.50M |
| Total Non-Current Assets | $774.10M | $761.68M | $753.99M | $744.56M | $736.53M | $727.87M | $720.01M | $704.18M | $691.99M | $679.90M | $657.15M | $637.12M | $606.05M | $597.24M | $593.61M | $583.76M | $575.60M | $569.58M | $561.40M | $552.91M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $798.62M | $796.02M | $783.13M | $775.41M | $767.15M | $761.81M | $750.12M | $725.79M | $719.79M | $702.80M | $674.08M | $652.76M | $625.21M | $616.44M | $609.97M | $598.36M | $593.22M | $587.43M | $575.90M | $565.59M |
| Account Payables | $11.23M | $9.65M | $7.80M | $7.88M | $9.70M | $8.43M | $9.22M | $8.10M | $10.93M | $9.08M | $8.58M | $12.44M | $10.21M | $5.26M | $6.99M | $5.97M | $6.34M | $4.36M | $4.85M | $6.60M |
| Short Term Debt | $2.20M | $6.25M | $2.32M | $2.29M | $2.26M | $7.27M | $2.66M | $23.91M | $19.73M | $11.55M | $11.91M | $29.11M | $21.10M | $29.58M | $27.82M | $24.42M | $28.68M | $25.57M | $16.73M | $10.46M |
| Tax Payables | $500.00K | $332.00K | $645.00K | $826.00K | $2.00K | $25.00K | $187.00K | $618.00K | $6.00K | $1.10M | $792.00K | $244.00K | $- | $1.69M | $2.39M | $2.06M | $237.00K | $661.00K | $4.84M | $2.74M |
| Deferred Revenue | $3.35M | $3.21M | $2.90M | $2.93M | $2.98M | $2.75M | $2.57M | $2.51M | $2.49M | $2.48M | $2.39M | $2.37M | $2.27M | $2.31M | $2.33M | $2.13M | $2.06M | $2.06M | $2.01M | $1.97M |
| Other Current Liabilities | $8.32M | $8.60M | $8.77M | $7.80M | $7.47M | $13.75M | $10.67M | $8.61M | $8.47M | $8.80M | $10.15M | $7.89M | $6.93M | $9.59M | $10.72M | $9.62M | $6.52M | $14.64M | $8.23M | $6.19M |
| Total Current Liabilities | $25.59M | $28.04M | $22.43M | $21.73M | $22.41M | $27.18M | $24.75M | $43.54M | $44.07M | $32.88M | $33.49M | $51.92M | $47.70M | $48.00M | $49.75M | $44.18M | $43.72M | $43.62M | $36.47M | $27.92M |
| Long Term Debt | $176.91M | $177.38M | $177.99M | $178.83M | $178.81M | $176.37M | $176.09M | $176.76M | $176.09M | $174.47M | $174.04M | $143.35M | $143.70M | $143.75M | $143.71M | $142.31M | $142.76M | $143.09M | $143.62M | $144.01M |
| Deferred Revenue Non-Current | $- | $- | $499.00K | $501.00K | $503.00K | $29.09M | $32.03M | $- | $54.55M | $54.89M | $52.70M | $- | $53.13M | $21.36M | $21.41M | $21.57M | $50.31M | $21.82M | $21.97M | $22.10M |
| Deferred Tax Liabilities Non-Current | $52.67M | $52.34M | $51.46M | $58.70M | $59.12M | $58.66M | $55.64M | $54.89M | $54.99M | $55.34M | $53.15M | $53.82M | $53.59M | $48.36M | $47.71M | $49.55M | $50.79M | $50.89M | $50.98M | $51.44M |
| Other Non-Current Liabilities | $304.25M | $299.94M | $296.83M | $284.17M | $276.41M | $270.02M | $266.37M | $261.46M | $257.15M | $252.24M | $232.50M | $223.10M | $202.67M | $201.69M | $196.94M | $190.44M | $186.99M | $183.98M | $181.91M | $179.86M |
| Total Non-Current Liabilities | $533.84M | $529.66M | $526.28M | $521.70M | $514.34M | $505.04M | $498.10M | $493.11M | $487.79M | $482.06M | $459.69M | $420.27M | $399.50M | $393.80M | $388.36M | $382.31M | $380.07M | $377.95M | $376.52M | $375.31M |
| Other Liabilities | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $559.43M | $557.71M | $548.72M | $543.42M | $536.75M | $532.22M | $522.85M | $536.65M | $531.86M | $514.93M | $493.18M | $472.20M | $447.20M | $441.80M | $438.11M | $426.49M | $423.79M | $421.58M | $412.99M | $403.23M |
| Preferred Stock | $- | $- | $- | $0 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $10.30M | $10.30M | $10.30M | $10.29M | $10.29M | $10.28M | $10.28M | $9.50M | $9.50M | $9.49M | $9.46M | $9.44M | $9.41M | $9.41M | $9.40M | $9.38M | $9.36M | $9.34M | $9.33M | $9.30M |
| Retained Earnings | $84.97M | $84.23M | $80.46M | $78.17M | $76.74M | $76.24M | $74.09M | $72.34M | $71.29M | $71.60M | $65.46M | $65.57M | $63.61M | $60.55M | $58.01M | $58.41M | $56.61M | $53.49M | $50.83M | $50.92M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $-0 | $- | $0 | $- | $0 | $- | $0 | $-0 | $0 | $- | $- | $0 | $-151.72M | $-0 | $-146.47M | $-143.88M | $-139.93M |
| Other Total Stockholders Equity | $143.92M | $143.79M | $143.66M | $143.52M | $143.37M | $143.08M | $142.91M | $107.29M | $107.14M | $106.78M | $105.98M | $105.55M | $104.99M | $104.69M | $104.45M | $255.80M | $103.46M | $249.49M | $102.75M | $242.06M |
| Total Stockholders Equity | $239.19M | $238.31M | $234.42M | $231.99M | $230.40M | $229.59M | $227.27M | $189.14M | $187.93M | $187.87M | $180.90M | $180.56M | $178.01M | $174.64M | $171.86M | $171.87M | $169.43M | $165.85M | $162.91M | $162.35M |
| Total Equity | $239.19M | $238.31M | $234.42M | $231.99M | $230.40M | $229.59M | $227.27M | $189.14M | $187.93M | $187.87M | $180.90M | $180.56M | $178.01M | $174.64M | $171.86M | $171.87M | $169.43M | $165.85M | $162.91M | $162.35M |
| Total Liabilities and Stockholders Equity | $798.62M | $796.02M | $783.13M | $775.41M | $767.15M | $761.81M | $750.12M | $725.79M | $719.79M | $702.80M | $674.08M | $652.76M | $625.21M | $616.44M | $609.97M | $598.36M | $593.22M | $587.43M | $575.90M | $565.59M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $798.62M | $796.02M | $783.13M | $775.41M | $767.15M | $761.81M | $750.12M | $725.79M | $719.79M | $702.80M | $674.08M | $652.76M | $625.21M | $616.44M | $609.97M | $598.36M | $593.22M | $587.43M | $575.90M | $565.59M |
| Total Investments | $- | $- | $8.92M | $8.92M | $8.38M | $-705.95M | $5.88M | $5.88M | $10.34M | $5.35M | $5.35M | $5.35M | $4.85M | $4.85M | $4.85M | $4.85M | $- | $- | $- | $- |
| Total Debt | $179.11M | $183.63M | $180.30M | $181.11M | $181.06M | $178.59M | $178.19M | $200.46M | $198.26M | $185.90M | $185.61M | $172.32M | $171.99M | $172.90M | $171.02M | $166.71M | $171.34M | $164.98M | $160.16M | $154.44M |
| Net Debt | $177.96M | $172.93M | $174.05M | $171.61M | $178.56M | $172.13M | $172.27M | $200.34M | $196.95M | $185.79M | $185.39M | $171.84M | $171.90M | $172.29M | $170.66M | $166.46M | $171.31M | $164.73M | $159.78M | $154.10M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $16.70M | $16.70M | $18.00M | $16.83M | $16.82M |
| Depreciation and Amortization | $13.34M | $13.34M | $12.62M | $11.88M | $11.14M |
| Deferred Income Tax | $- | $3.81M | $2.28M | $2.80M | $-1.96M |
| Stock Based Compensation | $254.00K | $254.00K | $152.00K | $193.00K | $178.00K |
| Change in Working Capital | $- | $-1.45M | $-7.89M | $158.00K | $-5.04M |
| Accounts Receivables | $991.00K | $292.00K | $-3.78M | $94.00K | $-2.32M |
| Inventory | $1.71M | $- | $-2.77M | $-398.00K | $-271.00K |
| Accounts Payables | $284.00K | $284.00K | $-3.99M | $3.55M | $-1.83M |
| Other Working Capital | $-435.00K | $-2.03M | $2.64M | $-3.08M | $-606.00K |
| Other Non Cash Items | $1.56M | $-796.00K | $-894.00K | $-556.00K | $-781.00K |
| Net Cash Provided by Operating Activities | $31.85M | $31.85M | $24.27M | $31.31M | $20.36M |
| Investments in Property Plant and Equipment | $- | $-62.18M | $-48.48M | $-40.81M | $-34.28M |
| Acquisitions Net | $- | $- | $-6.34M | $90.00K | $-5.74M |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $-62.08M | $99.00K | $65.00K | $90.00K | $46.00K |
| Net Cash Used for Investing Activities | $-62.08M | $-62.08M | $-54.76M | $-40.72M | $-39.97M |
| Debt Repayment | $- | $-16.61M | $23.64M | $2.12M | $17.63M |
| Common Stock Issued | $347.00K | $37.07M | $2.09M | $1.39M | $1.54M |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $-11.24M | $-11.24M | $-10.32M | $-9.83M | $-9.38M |
| Other Financing Activities | $42.32M | $22.20M | $18.39M | $17.19M | $10.79M |
| Net Cash Used Provided by Financing Activities | $31.42M | $31.42M | $31.71M | $9.48M | $19.05M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $1.20M | $1.20M | $1.22M | $64.00K | $-568.00K |
| Cash at End of Period | $2.50M | $2.50M | $1.31M | $92.00K | $28.00K |
| Cash at Beginning of Period | $1.31M | $1.31M | $92.00K | $28.00K | $596.00K |
| Operating Cash Flow | $31.85M | $31.85M | $24.27M | $31.31M | $20.36M |
| Capital Expenditure | $- | $-62.18M | $-48.48M | $-40.81M | $-34.28M |
| Free Cash Flow | $31.85M | $-30.33M | $-24.22M | $-9.50M | $-13.92M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $3.85M | $6.81M | $5.33M | $4.41M | $3.48M | $5.07M | $4.44M | $3.71M | $2.33M | $6.14M | $5.05M | $4.48M | $3.06M | $5.06M | $4.50M | $4.21M | $3.11M | $5.06M | $4.57M | $4.07M |
| Depreciation and Amortization | $3.45M | $3.29M | $3.42M | $3.46M | $3.45M | $3.44M | $3.21M | $3.22M | $3.27M | $3.21M | $3.06M | $3.08M | $2.93M | $2.97M | $2.98M | $3.01M | $2.86M | $2.83M | $2.69M | $2.75M |
| Deferred Income Tax | $-402.00K | $969.00K | $373.00K | $-109.00K | $148.00K | $3.02M | $746.00K | $-99.00K | $700.00K | $2.22M | $-674.00K | $34.00K | $5.23M | $647.00K | $-1.84M | $-1.24M | $-102.00K | $-95.00K | $-456.00K | $-1.31M |
| Stock Based Compensation | $47.00K | $47.00K | $57.00K | $68.00K | $69.00K | $69.00K | $60.00K | $56.00K | $-10.00K | $58.00K | $55.00K | $49.00K | $51.00K | $50.00K | $49.00K | $43.00K | $44.00K | $44.00K | $45.00K | $45.00K |
| Change in Working Capital | $-45.00K | $-2.88M | $-1.88M | $4.76M | $1.10M | $-3.07M | $-3.39M | $3.91M | $-6.79M | $91.00K | $-5.49M | $4.29M | $1.10M | $-6.13M | $-2.26M | $7.46M | $310.00K | $-5.28M | $-1.91M | $1.85M |
| Accounts Receivables | $-2.34M | $615.00K | $-2.24M | $3.68M | $-1.09M | $1.46M | $-1.73M | $3.29M | $-377.00K | $-3.61M | $-1.67M | $1.88M | $-476.00K | $136.00K | $-913.00K | $1.35M | $-60.00K | $-986.00K | $-1.46M | $179.00K |
| Inventory | $181.00K | $304.00K | $90.00K | $1.13M | $-496.00K | $301.00K | $-528.00K | $-558.00K | $-2.20M | $364.00K | $-17.00K | $-919.00K | $-267.00K | $-199.00K | $-67.00K | $135.00K | $-44.00K | $27.00K | $-196.00K | $-58.00K |
| Accounts Payables | $130.00K | $1.93M | $-1.17M | $-581.00K | $1.11M | $266.00K | $-221.00K | $-874.00K | $97.00K | $594.00K | $-4.68M | $-2.00K | $4.62M | $-1.73M | $1.02M | $-370.00K | $1.98M | $-491.00K | $-1.74M | $-1.58M |
| Other Working Capital | $1.98M | $-5.73M | $1.44M | $529.00K | $1.57M | $-5.10M | $-908.00K | $2.05M | $-4.31M | $2.74M | $880.00K | $3.34M | $-2.78M | $-4.34M | $-2.30M | $6.34M | $-1.56M | $-3.83M | $1.48M | $3.31M |
| Other Non Cash Items | $-195.00K | $2.43M | $9.79M | $2.76M | $244.00K | $-392.00K | $-360.00K | $-288.00K | $-282.00K | $-263.00K | $-224.00K | $-125.00K | $-65.00K | $-76.00K | $-251.00K | $-164.00K | $-169.00K | $-104.00K | $-227.00K | $-281.00K |
| Net Cash Provided by Operating Activities | $6.70M | $10.66M | $6.87M | $12.59M | $8.49M | $8.14M | $4.71M | $10.51M | $-785.00K | $11.46M | $1.77M | $11.82M | $12.30M | $2.51M | $3.18M | $13.32M | $6.06M | $2.46M | $4.71M | $7.13M |
| Investments in Property Plant and Equipment | $-15.01M | $-12.56M | $-9.45M | $-8.92M | $-13.34M | $-16.52M | $-15.52M | $-16.79M | $-11.82M | $-13.39M | $-13.49M | $-9.78M | $-11.11M | $-7.56M | $-12.79M | $-9.35M | $-8.32M | $-9.01M | $-7.74M | $-9.21M |
| Acquisitions Net | $- | $- | $12.00K | $600.00K | $23.00K | $12.00K | $11.00K | $53.00K | $16.00K | $8.00K | $-3.50M | $-2.84M | $2.00K | $73.00K | $8.00K | $7.00K | $2.11M | $-2.11M | $-3.63M | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $3.00K | $8.00K | $12.00K | $600.00K | $23.00K | $12.00K | $11.00K | $53.00K | $16.00K | $8.00K | $39.00K | $2.00K | $2.00K | $73.00K | $8.00K | $7.00K | $-2.10M | $1.00K | $-3.63M | $30.00K |
| Net Cash Used for Investing Activities | $-15.01M | $-12.55M | $-9.44M | $-8.32M | $-13.32M | $-16.51M | $-15.51M | $-16.74M | $-11.81M | $-13.39M | $-16.95M | $-12.62M | $-11.11M | $-7.49M | $-12.79M | $-9.34M | $-8.30M | $-11.12M | $-11.37M | $-9.18M |
| Debt Repayment | $-4.43M | $3.34M | $-805.00K | $416.00K | $-1.92M | $4.89M | $-656.00K | $2.33M | $11.21M | $79.00K | $11.93M | $430.00K | $-1.32M | $3.34M | $4.80M | $-4.70M | $6.36M | $8.31M | $5.91M | $628.00K |
| Common Stock Issued | $87.00K | $80.00K | $90.00K | $90.00K | $233.00K | $267.00K | $36.48M | $93.00K | $385.00K | $769.00K | $399.00K | $537.00K | $257.00K | $192.00K | $340.00K | $601.00K | $414.00K | $239.00K | $600.00K | $286.00K |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-3.10M | $-3.04M | $-3.04M | $-2.98M | $-2.98M | $-2.92M | $-2.70M | $-2.65M | $-2.64M | $-2.58M | $-2.58M | $-2.52M | $-2.52M | $-2.45M | $-2.45M | $-2.41M | $-2.40M | $-2.33M | $-2.33M | $-2.32M |
| Other Financing Activities | $6.19M | $5.96M | $3.08M | $5.20M | $5.53M | $6.67M | $19.80M | $5.26M | $5.22M | $3.54M | $5.58M | $3.27M | $1.87M | $4.33M | $7.04M | $2.75M | $-2.35M | $2.55M | $3.12M | $3.48M |
| Net Cash Used Provided by Financing Activities | $-1.25M | $6.34M | $-679.00K | $2.73M | $872.00K | $8.91M | $16.60M | $5.04M | $13.79M | $1.81M | $14.92M | $1.18M | $-1.71M | $5.22M | $9.72M | $-3.76M | $2.02M | $8.53M | $6.70M | $1.79M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-9.56M | $4.45M | $-3.25M | $7.00M | $-3.95M | $535.00K | $5.81M | $-1.19M | $1.20M | $-112.00K | $-258.00K | $386.00K | $-518.00K | $241.00K | $120.00K | $221.00K | $-221.00K | $-124.00K | $43.00K | $-266.00K |
| Cash at End of Period | $1.15M | $10.70M | $6.25M | $9.50M | $2.50M | $6.46M | $5.92M | $115.00K | $1.31M | $108.00K | $220.00K | $478.00K | $92.00K | $610.00K | $369.00K | $249.00K | $28.00K | $249.00K | $373.00K | $330.00K |
| Cash at Beginning of Period | $10.70M | $6.25M | $9.50M | $2.50M | $6.46M | $5.92M | $115.00K | $1.31M | $108.00K | $220.00K | $478.00K | $92.00K | $610.00K | $369.00K | $249.00K | $28.00K | $249.00K | $373.00K | $330.00K | $596.00K |
| Operating Cash Flow | $6.70M | $10.66M | $6.87M | $12.59M | $8.49M | $8.14M | $4.71M | $10.51M | $-785.00K | $11.46M | $1.77M | $11.82M | $12.30M | $2.51M | $3.18M | $13.32M | $6.06M | $2.46M | $4.71M | $7.13M |
| Capital Expenditure | $-15.01M | $18.37M | $-9.45M | $-8.92M | $-13.34M | $-16.52M | $-15.52M | $-16.79M | $-11.82M | $-13.39M | $-13.49M | $-9.78M | $-11.11M | $-7.56M | $-12.79M | $-9.35M | $-8.32M | $-9.01M | $-7.74M | $-9.21M |
| Free Cash Flow | $-8.31M | $29.03M | $-2.58M | $3.67M | $-4.85M | $-8.38M | $-10.81M | $-6.29M | $-12.61M | $-1.93M | $-11.72M | $2.04M | $1.19M | $-5.05M | $-9.61M | $3.97M | $-2.26M | $-6.55M | $-3.03M | $-2.08M |
Artesian Resources Dividends
Explore Artesian Resources's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
3.45%
Dividend Payout Ratio
55.12%
Dividend Paid & Capex Coverage Ratio
2.83x
Artesian Resources Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.3014 | $0.3014 | February 07, 2025 | February 07, 2025 | February 21, 2025 | January 27, 2025 |
| $0.3014 | $0.3014 | November 15, 2024 | November 15, 2024 | November 25, 2024 | November 04, 2024 |
| $0.2955 | $0.2955 | August 16, 2024 | August 16, 2024 | August 27, 2024 | August 05, 2024 |
| $0.2955 | $0.2955 | May 16, 2024 | May 17, 2024 | May 28, 2024 | May 06, 2024 |
| $0.2897 | $0.2897 | February 08, 2024 | February 09, 2024 | February 23, 2024 | January 29, 2024 |
| $0.2897 | $0.2897 | November 15, 2023 | November 16, 2023 | November 24, 2023 | November 06, 2023 |
| $0.284 | $0.284 | August 16, 2023 | August 17, 2023 | August 25, 2023 | August 07, 2023 |
| $0.284 | $0.284 | May 18, 2023 | May 19, 2023 | May 26, 2023 | May 09, 2023 |
| $0.278 | $0.2784 | February 08, 2023 | February 09, 2023 | February 23, 2023 | January 25, 2023 |
| $0.278 | $0.2784 | November 10, 2022 | November 14, 2022 | November 23, 2022 | November 03, 2022 |
| $0.273 | $0.2729 | August 08, 2022 | August 09, 2022 | August 23, 2022 | June 23, 2022 |
| $0.273 | $0.2729 | May 06, 2022 | May 09, 2022 | May 23, 2022 | April 13, 2022 |
| $0.2675 | $0.2675 | February 08, 2022 | February 09, 2022 | February 23, 2022 | January 25, 2022 |
| $0.268 | $0.2675 | November 05, 2021 | November 08, 2021 | November 19, 2021 | September 22, 2021 |
| $0.261 | $0.261 | August 06, 2021 | August 09, 2021 | August 20, 2021 | June 23, 2021 |
| $0.261 | $0.261 | May 06, 2021 | May 07, 2021 | May 21, 2021 | April 14, 2021 |
| $0.2571 | $0.2571 | February 05, 2021 | February 08, 2021 | February 22, 2021 | January 20, 2021 |
| $0.2571 | $0.2571 | November 06, 2020 | November 09, 2020 | November 20, 2020 | September 25, 2020 |
| $0.2496 | $0.2496 | August 06, 2020 | August 07, 2020 | August 21, 2020 | June 24, 2020 |
| $0.2496 | $0.2496 | May 07, 2020 | May 08, 2020 | May 22, 2020 | April 15, 2020 |
Artesian Resources News
Read the latest news about Artesian Resources, including recent articles, headlines, and updates.
Artesian Resources Vs. Essential Utilities: Why I Swapped
Artesian Resources currently offers a conservative balance sheet, attractive valuation, and tangible growth opportunities, making it a compelling Buy at ~$31. Essential Utilities has shown stronger historical growth, but now carries higher leverage and valuation multiples, limiting its near-term upside. This one's a Hold at ~$38. Artesian's lower debt profile should provide greater financial flexibility going forward, while WTRG's broader footprint and capital commitments pose higher risks.
Artesian Resources Corporation Reports 2024 Year-End Earnings and Fourth Quarter Results
NEWARK, Del., March 25, 2025 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider on the Delmarva Peninsula of water and wastewater services, and a number of other related business services, today announced earnings results for the fourth quarter and year ended December 31, 2024.
8 Stocks I'm Buying Amid A Market Rotation Toward Dividend Stocks
The market is rotating towards non-tech dividend stocks, with dividend ETFs outperforming the Magnificent 7 so far this year. Elon Musk's DOGE initiative is more political theater than a serious effort, in my opinion, to reduce government waste, with exaggerated savings claims. Key economic metrics to monitor include housing starts, the Dallas Fed Weekly Economic Index, the Conference Board Coincident Index, total employment, and industrial production.
Artesian Resources Corporation Declares First Quarter 2025 Common Stock Dividend
NEWARK, Del., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) announced today that its Board of Directors declared a regular quarterly dividend on the company's Class A and Class B Common Stock. The quarterly dividend of $0.3014 is payable February 21, 2025 to shareholders of record at the close of business on February 7, 2025, providing a $1.2056 annualized dividend rate. This is Artesian's 129th consecutive quarterly dividend paid to shareholders.
10 Stocks I'm Buying As A New Government Takes Power
Global warming isn't just a "woke" issue; it has real financial implications for energy investments. DOGE has lofty and worthy goals, but the reality is that Congress controls the purse strings. Delayed Onset Tariff Syndrome (DOTS) will impact global trade and investment strategies. Exactly how remains in question.
7 Stocks I'm Buying Amid This Goldilocks (For Now) Economy
There is an often overlooked difference between income investing and dividend growth investing. The two are not the same. Timely charts showing that inflation is even more subdued than the official CPI metrics show, but also what threatens to disrupt the disinflationary trend. A discussion of three books dividend growth investors would benefit from reading. Only one is specifically about dividend growth investing.
A Dozen Stocks I'm Buying As Rising Interest Rates Break The Market
Interest rate peaks often cause short-term S&P 500 selloffs, especially for REITs. I retain hope that REITs may decouple from 10-year Treasury yields once rates stabilize. Baby Boomers' economic impact is profound, influencing inflation, wages, and consumption patterns, with Millennials having a smaller effect at later ages in life. Debating whether dividend growth investors should buy Magnificent 7 stocks, I find GOOGL compelling for its reasonable valuation and growth potential.
10 Stocks I'm Buying As REITs Have Never Looked So Good
The recent market selloff, driven by the Fed's revised rate-cut forecast, has made high-quality REITs attractively priced for long-term dividend growth investors. Despite poor stock price performance, REITs have strong fundamentals, with favorable earnings yield spreads and dividend yields compared to the broader market. REITs are undervalued due to being treated as bond proxies, but their strong commercial real estate fundamentals and historical outperformance post-Fed rate cuts suggest a buying opportunity.
9 Stocks I'm Buying As The Market Reaches A Rare Level Of Speculative Fervor
The U.S. stock market is highly valued, driven by Big Tech and AI investments, with speculative fervor reminiscent of the late 1990s. Some REITs, like W.P. Carey, face challenges due to poor capital allocation and strategic missteps, leading to underperformance compared to tech stocks. Many other REITs, however, have been beaten down due to short-term supply headwinds and their treatment as bond proxies.
The 8 Stocks And 1 ETF On My Buy List Going Into December
The market outlook for 2025 is uncertain, with a wide range of possibilities in GDP growth, inflation, and job growth. Government spending cuts led by Elon Musk and Vivek Ramaswamy's DOGE initiative are unlikely to meet their ambitious $2 trillion goal due to mandatory spending constraints. Significant cash reserves, like Berkshire Hathaway's $325 billion, suggest potential market caution, but a drop in the Fed Funds Rate below 4% could boost REITs and bonds.
7 Stocks I'm Buying In Defiance Of Post-Election Euphoria
Some stock sectors exhibit dangerous euphoria, reminiscent of Icarus flying too close to the sun, risking a significant correction. Post-election optimism has inflated valuations in midstream energy, regional banks, investment banks, and insurance companies, raising concerns about sustainability. The threat of mass deportations could impact agricultural REITs like Gladstone Land, affecting labor supply and lease structures.
Artesian Resources Corporation Announces Second 2% Increase This Year in Quarterly Common Stock Dividend
NEWARK, Del., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) announced today that its Board of Directors has approved a 2% increase in the quarterly common stock dividend, a 4% increase for the year. This increase will raise the quarterly dividend to $0.3014 per share on the company's Class A and Class B Common Stock, lifting the annualized dividend rate to $1.2056 per share payable November 25, 2024 to shareholders of record at the close of business on November 15, 2024.
8 Stocks I'm Buying No Matter How The U.S. Election Goes
The federal government absorbed most of the economic pain of the pandemic, and that shows up in federal debt to GDP. Big Tech companies paradoxically benefit from a higher Fed Funds Rate, because their cash holdings are immense, and they can earn relatively high yields on that cash. Real estate stopped its short-lived outperformance once interest rates began to rise again in mid-September.
5 Stocks I'm Buying As I Reexamined My Sphere Of Competence
I emphasize refocusing on my core competency in real estate and diversifying through dividend ETFs, avoiding the overvalued S&P 500. Current S&P 500 valuations are historically high, suggesting poor future returns; insider buying is low, indicating a potential downturn ahead. Market leadership is shifting from growth to dividend stocks, particularly in real estate and utilities, which have outperformed since July.
Artesian Resources: An Intriguing Dividend Stock To Buy Now
Having hiked its dividend for 29 years straight, Artesian Resources is a Dividend Champion. Thanks to higher water rates and customer growth, the utility's revenue and diluted EPS climbed in Q2. Artesian Resources' balance sheet is well capitalized.
8 Dividend Stocks On My Buy List As Inflation Keeps Dropping
Disinflationary trends persist, with CPI showing a steady decline, despite media drama over slightly higher-than-expected figures; energy stocks remain attractive for long-term investors. Realty Income should consider breaking into smaller REITs for better growth. Protectionist tariffs hurt US manufacturing, and labor shortages loom globally.
7 Dividend Stocks I'm Buying As The Recession Debate Rages
The ongoing debate on whether the economy will face a recession or achieve a soft landing continues, with mixed opinions from experts. Despite my longstanding recession prediction, the economic expansion has been extended due to delayed deployment of pandemic-era savings. Tariffs have not benefited American manufacturing, leading to higher input costs, disrupted supply chains, and a slump in manufacturing jobs and output.
8 Dividend Stocks I'm Buying In October (Including A New Holding)
The stock market appears richly valued, with REITs and utilities outperforming tech stocks since the June CPI report, reflecting a defensive, yield-oriented investor shift. I plan to allocate dividends to the iShares 0-3 Month Treasury ETF for stability and also buy 8 dividend stocks, including a brand-new position. My dividend growth projection guesstimate involves analyzing management's earnings growth expectations, payout ratios, historical dividend growth, and potential obstacles.
Artesian Resources: A Small-Cap Water Utility For Consistent Dividend Growth
Artesian Resources is a regulated monopoly water utility with steady growth, consistent dividends, and is currently undervalued, making it a long-term buy for dividend growth investors. The company has a robust capital investment program, partnerships, and M&A activities, contributing to revenue growth. Artesian Resources boasts a 32-year streak of dividend increases, with a current yield of 3.27%, supported by a 65% payout ratio and strong cash flow.
Artesian Resources Corporation Reports Second Quarter and Year-to-Date 2024 Results
NEWARK, Del., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider on the Delmarva Peninsula of water and wastewater services, and a number of other related business services, today announced second quarter and year-to-date results for 2024.
Artesian Resources Corporation Declares Common Stock Dividend
NEWARK, Del., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) announced today that its Board of Directors has declared a regular quarterly dividend on the company's Class A and Class B Common Stock. The quarterly dividend of $0.2955 per share is payable August 27, 2024 to shareholders of record at the close of business on August 16, 2024, providing an annualized dividend of $1.182 per share.
3 Dividend Dynamos Set to Triple Your Money by 2027
When most investors think of dividend stocks, they think of stability and steady income—not about tripling their money over the next few years. However, there are exceptional opportunities where dividend stocks can offer both reliable income and substantial capital appreciation.
Artesian Resources Corporation's Annual Charitable Golf Tournament Raises Nearly $135,000
NEWARK, Del., June 25, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) announced that its Annual Charitable Golf Outing raised nearly $135,000, bringing the thirteen-year total to $875,000. Over 175 golfers representing Artesian's valued vendors and business partners gathered on June 3rd at the DuPont Country Club in Wilmington, Delaware to support local charitable organizations. “We are immensely grateful for the generous support from our business partners to be able to once again have such an incredibly successful event. Their continued partnership with us each year enables Artesian to have a positive impact on local charities across the Delmarva Peninsula,” said Dian C. Taylor, Chair and CEO.
Artesian Resources: An Under-The-Radar Dividend Champion To Buy Now
Artesian Resources is a Dividend Champion that doesn't get a lot of attention. The relatively positive resolution of its Delaware rate case means that solid growth should lie ahead for the foreseeable future. ARTNA's interest coverage ratio improved to 3 in the first quarter.
Artesian Resources Corporation Announces 2% Increase in Quarterly Common Stock Dividend
NEWARK, Del., May 06, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) announces today that its Board of Directors has approved a 2% increase in the quarterly dividend per share on the company's Class A and Class B Common Stock, raising the annualized dividend to $1.182 per share. The quarterly dividend rate of $0.2955 per share is payable May 28, 2024 to shareholders of record at the close of business on May 17, 2024.
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