Artesian Resources Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended Sep. 30, 2009. For the third quarter of 2009, revenue was $16.2 million, up from $15.7 million for the same three-month period in 2008. Net income decreased to $2.1 million from $2.6 million in the same quarter a year ago, while diluted net income per common share declined to $0.28 from $0.35 in the same period last year. Operating Income was $3.8 million, income before interest charges was $3.9 million, net income applicable to common stock was $2.1 million as compared to operating Income of $4 million, income before interest charges of $4.2 million, net income applicable to common stock of $2.6 million for the same period prior year. For the nine months, the company's revenue was $45.4 million, up from $41.8 million for the same nine-month period of 2008. Net income rose to $5.7 million for the year through September 30, an increase of 11.6% from the same period last year. Diluted net income per common share increased to $0.76 for the nine months ended September 30, 2009 from $0.69 in the same period last year. Operating Income was $10.3 million, income before interest charges was $11.1 million, net income applicable to common stock was $5.7 million as compared to operating Income of $8.9 million, income before interest charges of $9.9 million, net income applicable to common stock of $5.1 million for the same period prior year.

Artesian Resources Corp. expected to Report Fiscal Year 2009 Results on March 1, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).

The Board of Directors of Artesian Resources Corp. approved a 5% increase in the Class A Non-Voting and Class B Common shareholders' dividend, raising the annual dividend to $0.7492 per share. The quarterly dividend of $0.1873 per share is payable November 20, 2009 to shareholders of record at the close of business on November 10, 2009.