Artesian Resources Corp. (ARTNA) announced today at the Company's Annual Shareholders' meeting a three for two split on the company's common stock, to be effected in the form of a 50% stock distribution. Shareholders of record on May 30, 2006, will receive one additional share for each two shares held.
The Board on April 26, 2006 approved a 2.4%, or a $0.02 annual increase in the Class A Non-Voting and Class B Common shareholders' dividend. The quarterly dividend of $0.2285 per share is payable May 26, 2006 to shareholders of record at the close of business on May 10, 2006. The cash dividend will be paid prior to the stock split. [ more ]
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