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

The York Water Company (NASDAQ:YORW) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.2192 per share by the utilities provider on Tuesday, April 15th. This represents a $0.88 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Friday, February 28th.

York Water has raised its dividend payment by an average of 4.0% per year over the last three years and has increased its dividend every year for the last 23 years. York Water has a dividend payout ratio of 55.0% 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 $0.88 annual dividend with an expected future payout ratio of 57.5%.

York Water Trading Down 1.1 %

YORW stock traded down $0.33 during midday trading on Wednesday, hitting $31.01. The company had a trading volume of 48,237 shares, compared to its average volume of 63,923. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87. York Water has a 52 week low of $29.86 and a 52 week high of $41.96. The stock’s 50 day moving average price is $33.23 and its 200 day moving average price is $36.32. The stock has a market cap of $445.61 million, a price-to-earnings ratio of 20.95 and a beta of 0.64.

York Water (NASDAQ:YORW) last announced its earnings results on Thursday, November 7th. The utilities provider reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. The company had revenue of $19.72 million during the quarter, compared to the consensus estimate of $19.00 million. York Water had a return on equity of 9.44% and a net margin of 28.57%. As a group, equities research analysts expect that York Water will post 1.43 earnings per share for the current fiscal year.

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.