The York Water Company (YORW) to Issue Quarterly Dividend of $0.21 on July 15th

The York Water Company (NASDAQ:YORWGet Free Report) announced a quarterly dividend on Monday, May 6th, Wall Street Journal reports. Investors of record on Friday, June 28th will be paid a dividend of 0.2108 per share by the utilities provider on Monday, July 15th. This represents a $0.84 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Friday, June 28th.

York Water has increased 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 26 years. York Water has a payout ratio of 49.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect York Water to earn $1.69 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 49.7%.

York Water Stock Performance

York Water stock opened at $36.82 on Wednesday. The firm’s 50 day simple moving average is $36.56 and its 200 day simple moving average is $36.46. The company has a current ratio of 0.98, a quick ratio of 0.80 and a debt-to-equity ratio of 0.85. York Water has a 1-year low of $33.32 and a 1-year high of $43.35. The firm has a market capitalization of $528.37 million, a PE ratio of 21.66 and a beta of 0.63.

York Water (NASDAQ:YORWGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. York Water had a return on equity of 11.18% and a net margin of 33.35%. The company had revenue of $17.63 million for the quarter, compared to the consensus estimate of $17.00 million. As a group, analysts expect that York Water will post 1.61 earnings per share for the current fiscal year.

About York Water

(Get Free Report)

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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Dividend History for York Water (NASDAQ:YORW)

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