The York Water Company (YORW) To Go Ex-Dividend on December 31st

The York Water Company (NASDAQ:YORW) declared a quarterly dividend on Monday, November 24th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.228 per share by the utilities provider on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, December 31st. This is a 4.0% increase from York Water’s previous quarterly dividend of $0.22.

York Water has raised its dividend payment 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. 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 $0.91 annual dividend with an expected future payout ratio of 59.5%.

York Water Stock Down 0.8%

Shares of YORW opened at $32.44 on Monday. The firm has a market cap of $468.43 million, a P/E ratio of 23.34 and a beta of 0.73. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.95 and a current ratio of 1.15. York Water has a 52 week low of $29.68 and a 52 week high of $36.48. The firm’s 50-day simple moving average is $32.39 and its 200 day simple moving average is $31.57.

York Water (NASDAQ:YORW) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. York Water had a net margin of 26.06% and a return on equity of 8.56%. The firm had revenue of $20.36 million during the quarter, compared to the consensus estimate of $21.00 million. On average, analysts forecast that York Water will post 1.43 earnings per share for the current year.

About York Water

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.