Artesian Resources (Artesian Resources) Dividend Payout Ratio : 0.91 (As of Dec. 2023)

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What is Artesian Resources Dividend Payout Ratio?

Artesian Resources's dividend payout ratio for the months ended in Dec. 2023 was 0.91.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Artesian Resources Corp is 0.75, which seems too high.

The historical rank and industry rank for Artesian Resources's Dividend Payout Ratio or its related term are showing as below:

ARTNA' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.59 Med: 0.64 Max: 0.81
Current: 0.75

During the past 13 years, the highest Dividend Payout Ratio of Artesian Resources was 0.81. The lowest was 0.59. And the median was 0.64.

ARTNA's Dividend Payout Ratio is ranked worse than
72.75% of 367 companies
in the Utilities - Regulated industry
Industry Median: 0.53 vs ARTNA: 0.75

As of today (2024-04-25), the Dividend Yield % of Artesian Resources is 3.28%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Artesian Resources was 4.17%. The lowest was 1.77%. And the median was 2.69%.

Artesian Resources's Dividends per Share for the months ended in Dec. 2023 was $0.29.

During the past 12 months, Artesian Resources's average Dividends Per Share Growth Rate was 4.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Artesian Resources was 15.50% per year. The lowest was 2.60% per year. And the median was 3.55% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Artesian Resources Dividend Payout Ratio Historical Data

The historical data trend for Artesian Resources's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Artesian Resources Dividend Payout Ratio Chart

Artesian Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.66

0.59

0.61

0.75

Artesian Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															1.34	0.79	0.72	0.64	0.91

Competitive Comparison of Artesian Resources's Dividend Payout Ratio

For the Utilities - Regulated Water subindustry, Artesian Resources's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Artesian Resources's Dividend Payout Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Artesian Resources's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Artesian Resources's Dividend Payout Ratio falls into.

Artesian Resources Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Artesian Resources's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.136	/	1.525
	=	0.74

Artesian Resources's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.29	/	0.318
	=	0.91

Artesian Resources (NAS:ARTNA) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Artesian Resources Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Artesian Resources's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Artesian Resources (Artesian Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Artesian Resources Corp (NAS:ARTNA) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

ARTNB:USA

Address

664 Churchmans Road, Newark, DE, USA, 19702

Website

http://www.artesianwater.com

Artesian Resources Corp operates as the holding company of eight wholly-owned subsidiaries offering water, wastewater, and other services on the Delmarva Peninsula. It distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal, and utility customers in the states of Delaware, Maryland, and Pennsylvania. The company is focusing on a wide spectrum of activities, which include identifying new and dependable sources of water supply; developing wells, treatment plants and delivery systems to get water to customers.

Executives

Nicholle Renee Taylor	director, officer: Director / Vice President	664 CHURCHMANS ROAD, NEWARK DE 19702
John M Thaeder	officer: Senior VP of Operations
Emerson Courtney A	officer: Gen Counsel & Asst Secretary	107 DODGE DRIVE, SMYRNA DE 19977
Dian C Taylor	director, officer: C.E.O. President
Kenneth R Biederman	director
Raymond T. Kelly	officer: VP of Information Technology	15 GABRIELLE CIRCLE, SWEDESBORO NJ 08085
Daniel Konstanski	officer: Vice President of Engineering	607 S CLAYTON STREET, WILMINGTON DE 19805
Eisenbrey John R Jr	director
Pierre A Anderson	officer: VP of Information Technology	664 CHURCHMANS ROAD, NEWARK DE 19702
William C Wyer	director
Michael Houghton	director	212 CLOVER DRIVE, HOCKESSIN DE 19707
Karl G. Randall	officer: Asst Secretary and Gen Counsel	664 CHURCHMANS ROAD, NEWARK DE 19702
Schreppler John J Ii	officer: VP and General Counsel
Joseph A Dinunzio	officer: Exec VP / Corp Secretary	664 CHURCHMANS ROAD, NEWARK DE 19702
David B Spacht	officer: CFO and Treasurer