The York Water Company (NASDAQ:YORW – Get Free Report) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 177,000 shares, a growth of 44.7% from the December 15th total of 122,300 shares. Based on an average trading volume of 52,900 shares, the short-interest ratio is currently 3.3 days.
York Water Stock Performance
Shares of YORW stock opened at $30.85 on Thursday. 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 firm has a market cap of $443.31 million, a P/E ratio of 20.84 and a beta of 0.64. The firm’s 50 day moving average price is $34.33 and its 200-day moving average price is $36.77. York Water has a one year low of $30.02 and a one year high of $41.96.
York Water Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.2192 per share. This is a positive change from York Water’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Tuesday, December 31st. York Water’s dividend payout ratio (DPR) is currently 59.46%.
Institutional Investors Weigh In On York Water
About York Water
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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