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

The York Water Company (NASDAQ:YORW) declared a quarterly dividend on Monday, May 4th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.228 per share by the utilities provider on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 30th.

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 annually for the last 27 consecutive years. York Water has a dividend payout ratio of 57.6% meaning its dividend is sufficiently covered by earnings.

York Water Trading Up 1.4%

NASDAQ YORW opened at $30.76 on Friday. York Water has a 1 year low of $28.26 and a 1 year high of $34.30. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.72 and a quick ratio of 0.60. The company has a market capitalization of $498.62 million, a PE ratio of 20.93 and a beta of 0.61. The company has a fifty day moving average of $29.73 and a 200 day moving average of $31.44.

York Water (NASDAQ:YORW) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. York Water had a return on equity of 8.89% and a net margin of 26.84%.The business had revenue of $20.07 million during the quarter, compared to analyst estimates of $20.29 million.

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.