The York Water Company (YORW) to Issue Quarterly Dividend of $0.23 on July 15th

The York Water Company (NASDAQ:YORW) declared a quarterly dividend on Monday, May 4th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.228 per share by the utilities provider on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 30th.

York Water has raised its dividend payment by an average of 0.0%annually over the last three years and has raised 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 Trading Down 0.7%

YORW traded down $0.21 on Wednesday, hitting $28.90. 33,424 shares of the company were exchanged, compared to its average volume of 132,878. The firm has a fifty day simple moving average of $31.13 and a two-hundred day simple moving average of $32.04. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.55 and a current ratio of 0.67. York Water has a 12 month low of $28.26 and a 12 month high of $35.10. The stock has a market capitalization of $468.18 million, a PE ratio of 20.79 and a beta of 0.60.

York Water (NASDAQ:YORW) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. York Water had a return on equity of 8.49% and a net margin of 25.89%.The business had revenue of $20.07 million for the quarter, compared to analyst estimates of $20.29 million.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded York Water from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, York Water presently has a consensus rating of “Hold”.

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.