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

The York Water Company (NASDAQ:YORW) announced a quarterly dividend on Monday, January 26th, NASDAQ Dividends reports. Investors of record on Friday, February 27th will be paid a dividend of 0.228 per share by the utilities provider on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, February 27th.

York Water has raised its dividend payment 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 dividend payout ratio of 57.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect York Water to earn $1.53 per share next year, which means the company should continue to be able to cover its $0.91 annual dividend with an expected future payout ratio of 59.5%.

York Water Stock Down 2.3%

YORW stock traded down $0.78 during midday trading on Wednesday, hitting $32.66. The company’s stock had a trading volume of 72,979 shares, compared to its average volume of 62,793. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.15 and a quick ratio of 0.95. York Water has a twelve month low of $29.68 and a twelve month high of $36.48. The company’s fifty day moving average price is $32.74 and its 200 day moving average price is $31.68. The stock has a market capitalization of $471.61 million, a P/E ratio of 23.50 and a beta of 0.73.

York Water (NASDAQ:YORW) last posted its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. York Water had a return on equity of 8.56% and a net margin of 26.06%.The firm had revenue of $20.36 million during the quarter, compared to the consensus estimate of $21.00 million. As a group, equities research analysts predict that York Water will post 1.43 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in York Water by 8.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,476 shares of the utilities provider’s stock worth $398,000 after buying an additional 937 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in York Water in the 1st quarter worth about $263,000. Jane Street Group LLC acquired a new stake in York Water in the 1st quarter worth about $498,000. Ballentine Partners LLC bought a new stake in York Water in the 2nd quarter valued at about $229,000. Finally, Inspire Investing LLC grew its position in shares of York Water by 25.3% during the 2nd quarter. Inspire Investing LLC now owns 12,402 shares of the utilities provider’s stock worth $392,000 after purchasing an additional 2,504 shares in the last quarter. 49.86% of the stock is owned by institutional investors and hedge funds.

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.