The York Water Company (NASDAQ:YORW) Declares Quarterly Dividend of $0.22

The York Water Company (NASDAQ:YORW) announced a quarterly dividend on Wednesday, November 27th,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.2192 per share by the utilities provider on Wednesday, January 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from York Water’s previous quarterly dividend of $0.21.

York Water has raised its dividend by an average of 4.0% per year over the last three years and has increased its dividend every year for the last 26 years. York Water has a dividend payout ratio of 54.9% meaning 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 $0.84 annual dividend with an expected future payout ratio of 54.9%.

York Water Price Performance

YORW stock traded up $0.06 on Wednesday, reaching $35.98. The company had a trading volume of 51,734 shares, compared to its average volume of 52,312. York Water has a 1 year low of $33.32 and a 1 year high of $41.96. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.68 and a current ratio of 0.88. The company’s fifty day moving average is $36.63 and its 200 day moving average is $37.60. The company has a market cap of $517.03 million, a P/E ratio of 24.49 and a beta of 0.64.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised York Water from a “sell” rating to a “hold” rating in a research note on Friday, August 30th.

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.