COMMON STOCK AND ADDITIONAL PAID-IN CAPITAL

12 Months Ended

Dec. 31, 2023

COMMON STOCK AND ADDITIONAL PAID-IN CAPITAL [Abstract]

COMMON STOCK AND ADDITIONAL PAID-IN CAPITAL

NOTE 7 – COMMON STOCK AND ADDITIONAL PAID-IN CAPITAL

The Class A Non-Voting Common Stock, or Class A Non-Voting Stock, of Artesian Resources trades on the Nasdaq Global Select Market under the symbol ARTNA.  The Class B Common Stock, or Class B Stock, of Artesian Resources trades on the Nasdaq’s OTC Bulletin Board under the symbol ARTNB.  The rights of the holders of the Class A Non-Voting Stock and the Class B Stock are identical, except with respect to voting.

Under Artesian Resources’ dividend reinvestment plan, which allows for reinvestment of cash dividends and optional cash payments, stockholders were issued approximately 8,000, 7,000 and 10,000 shares at fair market value for the investment of $381,000, $373,000 and $392,000 of their monies in the years 2023, 2022, and 2021, respectively.