Artesian Resources Corporation
ARTNA31 yrs growthUtilities · Stock · quarterly payer
Forward Yield
3.80%
Annual Dividend
$1.25
Payout Ratio
55%
5-Yr Growth
4.2%
Ex-Date
May 15, 2026
Frequency
Quarterly
Is ARTNA a good dividend stock?
YesArtesian Resources Corporation (ARTNA) pays a quarterly dividend yielding 3.80% ($1.25/yr), with 31 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 31 consecutive years of growth
- Comfortable payout ratio (55%)
- Top-tier dividend safety score
Risks
- Cut its dividend in 1996
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.80%
- Payout Ratio
- 55%
- Annual Dividend
- $1.25
- 5-Yr Avg Growth
- 4.2%
- Ex-Dividend Date
- May 15, 2026
- Years of Growth
- 31
- Frequency
- quarterly
- Beta
- 0.34
- Market Cap
- $340.5M
- P/E Ratio
- 14.7
- 5-Yr Total Return
- -10%
- 52-Week Range
- $30.50 – $34.90
- Dividend Safety
- A · 87/100
- Ever Cut?
- Yes (1996)
Frequently Asked Questions
ARTNA Price — Last 12 Months
Daily close
Price Return
1 Year
-2%
3 Years
-30%
5 Years
-10%
52-Week Range
$30.50 – $34.90
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ARTNA worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Artesian Resources Corporation is $56.79 per share, versus a market price of $32.98. That implies 72% of upside — a margin of safety of about 42%.
Fair Value
$56.79
Current Price
$32.98
Upside
+72%
Margin of Safety
42%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 7.0% discount rate (CAPM), 13.5% stage-1 growth, 2.5% terminal growth, $2.25 EPS, $1.25 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ARTNA Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 15, 2026 | — | $0.3200 | regular |
| Feb 13, 2026 | — | $0.3140 | regular |
| Nov 14, 2025 | — | $0.3140 | regular |
| Aug 15, 2025 | — | $0.3070 | regular |
| May 16, 2025 | — | $0.3070 | regular |
| Feb 7, 2025 | — | $0.3010 | regular |
| Nov 15, 2024 | — | $0.3010 | regular |
| Aug 16, 2024 | — | $0.2960 | regular |
| May 16, 2024 | — | $0.2960 | regular |
| Feb 8, 2024 | — | $0.2900 | regular |
| Nov 15, 2023 | — | $0.2900 | regular |
| Aug 16, 2023 | — | $0.2840 | regular |
| May 18, 2023 | — | $0.2840 | regular |
| Feb 8, 2023 | — | $0.2780 | regular |
Income Calculator
At $1.25 / yr per share
