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

The York Water Company (NASDAQ:YORW) declared a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Stockholders 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 raised its dividend payment by an average of 4.0% per year over the last three years and has raised its dividend annually for the last 26 consecutive years. York Water has a dividend 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 Trading Up 2.5 %

Shares of NASDAQ:YORW traded up $0.95 during trading on Thursday, reaching $38.34. 61,852 shares of the company were exchanged, compared to its average volume of 59,169. York Water has a 12-month low of $33.32 and a 12-month high of $45.61. The business’s fifty day simple moving average is $35.45 and its 200-day simple moving average is $36.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.69. The firm has a market capitalization of $549.41 million, a PE ratio of 22.52 and a beta of 0.60.

York Water (NASDAQ:YORW) last issued its earnings results on Tuesday, March 5th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. York Water had a net margin of 33.45% and a return on equity of 11.05%. The company had revenue of $18.10 million during the quarter, compared to analysts’ expectations of $17.00 million. On average, research analysts anticipate that York Water will post 1.61 EPS for the current year.

About York Water

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.