The York Water Company (NASDAQ:YORW) Plans $0.21 Quarterly Dividend

The York Water Company (NASDAQ:YORW) declared a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.2108 per share by the utilities provider on Monday, July 15th. This represents a $0.84 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, June 28th.

York Water has increased its dividend by an average of 4.0% per year over the last three years and has increased its dividend annually for the last 26 consecutive years. York Water has a payout ratio of 49.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect York Water to earn $1.69 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 49.7%.

York Water Price Performance

NASDAQ:YORW opened at $38.34 on Friday. York Water has a one year low of $33.32 and a one year high of $45.61. The company has a market cap of $549.41 million, a P/E ratio of 23.10 and a beta of 0.60. The firm’s fifty day moving average price is $35.51 and its two-hundred day moving average price is $36.61. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.69.

York Water (NASDAQ:YORW) last released its quarterly earnings results on Tuesday, March 5th. The utilities provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. York Water had a net margin of 33.45% and a return on equity of 11.05%. The business had revenue of $18.10 million for the quarter, compared to the consensus estimate of $17.00 million. Equities analysts expect that York Water will post 1.61 earnings per share for the current year.

York Water Company Profile

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.