The York Water Company Announces Quarterly Dividend of $0.23 (NASDAQ:YORW)

The York Water Company (NASDAQ:YORW) declared a quarterly dividend on Monday, August 17th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.228 per share by the utilities provider on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, September 30th.

York Water has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 27 years. York Water has a dividend payout ratio of 57.6% indicating that its dividend is sufficiently covered by earnings.

York Water Price Performance

Shares of York Water stock opened at $33.36 on Wednesday. The business’s fifty day moving average price is $30.98 and its 200 day moving average price is $31.02. York Water has a twelve month low of $28.26 and a twelve month high of $34.30. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $541.43 million, a P/E ratio of 20.72 and a beta of 0.60.

York Water (NASDAQ:YORW) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.40 by $0.09. The company had revenue of $23.52 million during the quarter, compared to analyst estimates of $22.18 million. York Water had a return on equity of 9.38% and a net margin of 28.53%.

Insider Activity at York Water

In related news, CEO Joseph Thomas Hand sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $33.28, for a total transaction of $266,240.00. Following the transaction, the chief executive officer directly owned 35,308 shares of the company’s stock, valued at approximately $1,175,050.24. The trade was a 18.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in York Water by 8.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,476 shares of the utilities provider’s stock valued at $398,000 after buying an additional 937 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of York Water in the 1st quarter valued at approximately $263,000. Jane Street Group LLC purchased a new position in shares of York Water during the 1st quarter valued at approximately $498,000. Arrowstreet Capital Limited Partnership increased its stake in shares of York Water by 36.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 63,823 shares of the utilities provider’s stock worth $2,017,000 after buying an additional 17,181 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in York Water by 208.3% during the 2nd quarter. Quantinno Capital Management LP now owns 18,862 shares of the utilities provider’s stock valued at $596,000 after acquiring an additional 12,743 shares during the last quarter. 49.86% of the stock is owned by institutional investors and hedge funds.

York Water Company Profile

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.