The York Water Company Plans Quarterly Dividend of $0.21 (NASDAQ:YORW)

The York Water Company (NASDAQ:YORW) declared a quarterly dividend on Monday, May 6th, Wall Street Journal reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.2108 per share by the utilities provider on Monday, July 15th. This represents a $0.84 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, June 28th.

York Water has increased its dividend by an average of 4.0% per year over the last three years and has raised its dividend annually for the last 26 consecutive years. York Water has a payout ratio of 49.7% meaning its dividend is sufficiently covered by earnings. Equities 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 $36.98 on Thursday. The stock’s 50 day moving average price is $36.62 and its 200 day moving average price is $36.46. The firm has a market capitalization of $530.66 million, a PE ratio of 21.75 and a beta of 0.63. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.80 and a current ratio of 0.98. York Water has a one year low of $33.32 and a one year high of $43.35.

York Water (NASDAQ:YORW) last released its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The firm had revenue of $17.63 million for the quarter, compared to analyst estimates of $17.00 million. York Water had a return on equity of 11.18% and a net margin of 33.35%. As a group, sell-side analysts expect that York Water will post 1.61 EPS for the current fiscal year.

About York Water

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.