The York Water Company (NASDAQ:YORW – Get Free Report) declared a quarterly dividend on Monday, August 26th, Wall Street Journal reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.2108 per share by the utilities provider on Tuesday, October 15th. This represents a $0.84 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Monday, September 30th.
York Water has raised its dividend by an average of 4.0% annually over the last three years and has raised its dividend annually for the last 26 consecutive years. York Water has a payout ratio of 54.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect York Water to earn $1.53 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 54.9%.
York Water Stock Performance
NASDAQ YORW opened at $37.52 on Friday. The company has a market capitalization of $538.79 million, a P/E ratio of 22.07 and a beta of 0.64. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.61 and a current ratio of 0.78. York Water has a 52-week low of $33.32 and a 52-week high of $41.96. The company has a fifty day moving average of $38.92 and a 200-day moving average of $37.35.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of York Water from a “sell” rating to a “hold” rating in a report on Friday, August 30th.
Read Our Latest Stock Report on York Water
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.
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