Artesian Resources Corporation Announces Leadership Changes

(NASDAQ:ARTNA) Artesian Resources Corporation announced several leadership changes to align its management structure with ongoing growth and evolving business needs. Raymond T. Kelly, CPA, has been named Chief Information Officer, responsible for Artesian’s Information Technology organization, including enterprise technology, operational technology, and cybersecurity. Kelly oversees technology systems and infrastructure supporting business and utility operations, including enterprise applications, data and analytics, business process automation, technology infrastructure, and cybersecurity, as well as operational technology systems for water and wastewater facilities. Kelly joined Artesian in 2013 as Manager of Business Applications, was promoted to Director of Information Technology in 2016, and became Vice President of Information Technology in 2022. Pierre A. Anderson has been named Chief Administrative Officer, overseeing Human Resources, Safety, Security, and Vehicle and Facilities Maintenance. Anderson is responsible for talent management, employee development and engagement, organizational policies and practices, corporate safety programs, physical security, and management of company vehicles and facilities. Anderson joined Artesian in 2006 as Manager of Information Technology and has held roles including Director and Vice President of Information Technology, Chief Information Officer, and Senior Vice President. Deirdre S. Smith, P.E., has been named Vice President of Operations and Planning, overseeing water operations and planning functions, including operation and maintenance of water supply and distribution infrastructure, planning initiatives for system reliability, infrastructure investment, and future growth, as well as coordinating long-term water system planning, water main renewal, highway relocation projects, subdivision planning, and other strategic water and wastewater infrastructure initiatives. Smith joined Artesian in 2025 as Director of Planning and brings over 35 years of engineering, operational, and business leadership experience. Daniel W. Konstanski, P.E., BCEE, has been named Vice President and Chief Engineer, overseeing engineering activities supporting the design, construction, renewal, and expansion of water and wastewater infrastructure, ensuring projects meet regulatory requirements and support reliability, investment priorities, and long-term community needs. Konstanski joined Artesian in 2014 as Senior Engineer, was appointed Manager of Engineering in 2019, and Vice President of Engineering in 2022. Nicki Taylor, President and CEO of Artesian Resources Corporation, stated that these leadership changes reflect the company’s continued growth and the strength and depth of its management team. The changes are intended to support Artesian’s long-term strategic priorities and maintain a focus on operational excellence, infrastructure, technology, cybersecurity, and safety.

Artesian Resources Corporation Declares Third Quarter 2026 Common Stock Dividend

(NASDAQ:ARTNA) Artesian Resources Corporation announced that its Board of Directors has declared a regular quarterly dividend on the Company’s Class A and Class B common stock. The dividend of $0.3199 per share will be payable on August 28, 2026, to shareholders of record as of the close of business on August 17, 2026, representing an annualized dividend per share of $1.2796. This is Artesian’s 135 th consecutive quarterly dividend paid to shareholders.

Artesian Resources Corporation Reports First Quarter 2026 Results

Artesian Resources Corporation (NASDAQ:ARTNA) announced its first quarter 2026 earnings, reporting a diluted net income per share increase of 7.5% to $0.57 compared to $0.53 in the same period of 2025. Net income for the three months ended March 31, 2026 was $5.9 million, a $0.5 million or 9.2% increase year-over-year. Revenues totaled $27.8 million, up $1.9 million or 7.3% from the prior year period. The company invested $13.1 million in water and wastewater infrastructure projects during the quarter. These results reflect growth in water sales, utility and non-utility revenues, and continued infrastructure investment.

Artesian Announces 2% Increase in Quarterly Common Stock Dividend

Artesian Resources Corporation (NASDAQ:ARTNA) announced 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 $1.2796 per share. The new quarterly dividend rate of $0.3199 per share is payable May 29, 2026 to shareholders of record at the close of business on May 15, 2026. This marks Artesian’s 134th consecutive quarterly dividend paid to shareholders. Artesian supplies 9.7 billion gallons of water per year through 1,515 miles of water main to over a third of Delawareans.