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

The York Water Company (NASDAQ:YORW) announced a quarterly dividend on Monday, August 17th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.228 per share by the utilities provider on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, September 30th.

York Water has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 27 years. York Water has a payout ratio of 57.6% indicating that its dividend is sufficiently covered by earnings.

York Water Stock Up 0.9%

York Water stock opened at $33.36 on Wednesday. York Water has a 1-year low of $28.26 and a 1-year high of $34.30. The business has a fifty day moving average price of $30.98 and a 200-day moving average price of $31.02. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 0.88. The stock has a market capitalization of $541.43 million, a price-to-earnings ratio of 20.72 and a beta of 0.60.

York Water (NASDAQ:YORW) last announced its earnings results on Thursday, August 6th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. York Water had a return on equity of 9.38% and a net margin of 28.53%.The company had revenue of $23.52 million for the quarter, compared to analyst estimates of $22.18 million.

Insider Buying and Selling at York Water

In related news, CEO Joseph Thomas Hand sold 8,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $33.28, for a total value of $266,240.00. Following the transaction, the chief executive officer directly owned 35,308 shares of the company’s stock, valued at $1,175,050.24. This represents a 18.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by company insiders.

Institutional Trading of York Water

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of York Water in the second quarter valued at about $39,283,000. Legal & General Group Plc boosted its position in York Water by 3.6% in the fourth quarter. Legal & General Group Plc now owns 393,352 shares of the utilities provider’s stock valued at $12,524,000 after buying an additional 13,660 shares during the last quarter. State Street Corp boosted its position in York Water by 2.2% in the fourth quarter. State Street Corp now owns 335,018 shares of the utilities provider’s stock valued at $10,742,000 after buying an additional 7,196 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in York Water by 36.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 326,730 shares of the utilities provider’s stock worth $9,949,000 after buying an additional 86,917 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in York Water by 80.8% in the 1st quarter. Renaissance Technologies LLC now owns 204,036 shares of the utilities provider’s stock worth $6,213,000 after buying an additional 91,200 shares during the period. Hedge funds and other institutional investors own 49.86% of the company’s stock.

York Water Company Profile

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.