The York Water Company (NASDAQ:YORW) to Issue Quarterly Dividend of $0.23

The York Water Company (NASDAQ:YORW) announced a quarterly dividend on Tuesday, November 25th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.228 per share by the utilities provider on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a 4.0% increase from York Water’s previous quarterly dividend of $0.22.

York Water has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 27 years. York Water has a payout ratio of 55.1% meaning its dividend is sufficiently covered by earnings. Analysts expect York Water to earn $1.53 per share next year, which means the company should continue to be able to cover its $0.87 annual dividend with an expected future payout ratio of 56.9%.

York Water Trading Up 1.7%

Shares of NASDAQ YORW traded up $0.55 on Wednesday, reaching $32.72. 40,847 shares of the company traded hands, compared to its average volume of 84,818. The company has a 50 day moving average of $31.33 and a 200 day moving average of $31.50. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 0.93. York Water has a fifty-two week low of $29.68 and a fifty-two week high of $36.48. The stock has a market capitalization of $472.33 million, a PE ratio of 23.88 and a beta of 0.74.

York Water (NASDAQ:YORW) last issued its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. The firm had revenue of $20.36 million during the quarter, compared to analyst estimates of $21.00 million. York Water had a net margin of 25.83% and a return on equity of 8.50%. On average, equities research analysts forecast that York Water will post 1.43 earnings per share for the current fiscal 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.