The York Water Company (NASDAQ:YORW) Announces Quarterly Dividend of $0.22

Posted by Steve Reilly on Nov 27th, 2024

The York Water Company (NASDAQ:YORW – Get Free Report) announced a quarterly dividend on Wednesday, November 27th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.2192 per share by the utilities provider on Wednesday, January 15th. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Tuesday, December 31st. This is a boost from York Water’s previous quarterly dividend of $0.21.

York Water has raised its dividend by an average of 4.0% per year over the last three years and has increased its dividend every year for the last 26 years. York Water has a dividend payout ratio of 54.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect York Water to earn $1.53 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 54.9%.

York Water Stock Performance

YORW stock traded up $0.06 during trading on Wednesday, hitting $35.98. The company had a trading volume of 51,734 shares, compared to its average volume of 52,312. The firm has a market cap of $517.03 million, a PE ratio of 24.49 and a beta of 0.64. York Water has a 1-year low of $33.32 and a 1-year high of $41.96. The firm has a 50-day moving average price of $36.63 and a 200-day moving average price of $37.60. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.87.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded York Water from a “sell” rating to a “hold” rating in a research report on Friday, August 30th.

Check Out Our Latest Report on York Water

York Water Company Profile

(Get Free Report)

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.