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

The York Water Company (NASDAQ:YORW) declared a quarterly dividend on Monday, August 17th. Stockholders 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 dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, September 30th.

York Water has increased 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% meaning its dividend is sufficiently covered by earnings.

York Water Trading Up 0.9%

Shares of YORW stock opened at $33.36 on Wednesday. York Water has a 1 year low of $28.26 and a 1 year high of $34.30. The firm has a fifty day moving average price of $30.98 and a 200-day moving average price of $31.02. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 0.88. The company has a market cap of $541.43 million, a price-to-earnings ratio of 20.72 and a beta of 0.60.

York Water (NASDAQ:YORW) last announced its earnings results on Thursday, August 6th. The utilities provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. The company had revenue of $23.52 million for 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%.

About York Water

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.