The York Water Company (YORW) to Issue Quarterly Dividend of $0.23 on April 15th

The York Water Company (NASDAQ:YORW) announced a quarterly dividend on Monday, January 26th, NASDAQ Dividends reports. Shareholders of record on Friday, February 27th will be given a dividend of 0.228 per share by the utilities provider on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, February 27th.

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 payout ratio of 57.6% meaning 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 Trading Down 2.3%

Shares of YORW traded down $0.78 during mid-day trading on Wednesday, reaching $32.66. 72,979 shares of the company were exchanged, compared to its average volume of 62,793. The business has a 50 day simple moving average of $32.74 and a two-hundred day simple moving average of $31.68. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.95 and a current ratio of 1.15. The stock has a market capitalization of $471.61 million, a PE ratio of 23.50 and a beta of 0.73. York Water has a 52 week low of $29.68 and a 52 week high of $36.48.

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