York Water Co (YORW) to Issue Quarterly Dividend of $0.17 on October 15th
York Water Co (NASDAQ:YORW) announced a quarterly dividend on Wednesday, August 22nd, Wall Street Journal reports. Stockholders of record on Friday, September 28th will be paid a dividend of 0.1666 per share by the utilities provider on Monday, October 15th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Thursday, September 27th.
York Water has increased its dividend payment by an average of 3.8% per year over the last three years and has increased its dividend every year for the last 16 years. York Water has a dividend payout ratio of 67.0% indicating that its dividend is sufficiently covered by earnings.
Shares of York Water stock opened at $29.95 on Wednesday. The firm has a market cap of $388.10 million, a PE ratio of 28.89 and a beta of 0.27. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 0.66. York Water has a 12-month low of $27.45 and a 12-month high of $39.00.
Separately, BidaskClub raised York Water from a “hold” rating to a “buy” rating in a research report on Wednesday, May 30th.
York Water Company Profile
The York Water Company impounds, purifies, and distributes drinking water. It also owns and operates three wastewater collection systems and two wastewater treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which together hold up to approximately 2.2 billion gallons of water.
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