The York Water Company Announces Quarterly Dividend of $0.23 (NASDAQ:YORW)

The York Water Company (NASDAQ:YORW) declared a quarterly dividend on Monday, August 17th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.228 per share by the utilities provider on Thursday, October 15th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, September 30th.

York Water has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 27 years. York Water has a payout ratio of 57.6% indicating that its dividend is sufficiently covered by earnings.

York Water Stock Up 0.9%

Shares of NASDAQ:YORW opened at $33.36 on Wednesday. The business’s 50 day moving average is $30.98 and its 200 day moving average is $31.02. The stock has a market cap of $541.43 million, a P/E ratio of 20.72 and a beta of 0.60. York Water has a 52-week low of $28.26 and a 52-week high of $34.30. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.64.

York Water (NASDAQ:YORW) last issued its earnings results on Thursday, August 6th. The utilities provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.09. The business had revenue of $23.52 million during the quarter, compared to analysts’ expectations of $22.18 million. York Water had a return on equity of 9.38% and a net margin of 28.53%.

York Water Company Profile

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.