The York Water Company (YORW) Plans Dividend Increase – $0.17 Per Share
The York Water Company (NASDAQ:YORW) declared a quarterly dividend on Wednesday, November 22nd, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.1666 per share by the utilities provider on Tuesday, January 16th. This represents a $0.67 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from The York Water’s previous quarterly dividend of $0.16.
Shares of The York Water (NASDAQ:YORW) traded up $0.35 during midday trading on Wednesday, reaching $36.25. The company’s stock had a trading volume of 29,500 shares, compared to its average volume of 29,418. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 0.76. The company has a market cap of $461.69, a price-to-earnings ratio of 37.01 and a beta of 0.55. The York Water has a 52-week low of $31.70 and a 52-week high of $39.86.
The York Water (NASDAQ:YORW) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The firm had revenue of $12.69 million during the quarter. The York Water had a return on equity of 10.75% and a net margin of 25.75%. analysts predict that The York Water will post 0.99 EPS for the current year.
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About The York Water
The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.
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