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

The York Water Company (NASDAQ:YORW) declared a quarterly dividend on Monday, January 27th,Wall Street Journal reports. Investors of record on Friday, February 28th will be given a dividend of 0.2192 per share by the utilities provider on Tuesday, April 15th. This represents a $0.88 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Friday, February 28th.

York Water has raised its dividend payment by an average of 4.0% annually over the last three years and has raised its dividend annually for the last 23 consecutive years. York Water has a payout ratio of 55.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect York Water to earn $1.53 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 57.5%.

York Water Stock Performance

YORW traded down $0.33 during midday trading on Wednesday, reaching $31.01. The company had a trading volume of 48,237 shares, compared to its average volume of 64,496. The business has a 50-day moving average of $33.23 and a two-hundred day moving average of $36.32. The company has a market cap of $445.61 million, a P/E ratio of 20.95 and a beta of 0.64. York Water has a 1 year low of $29.86 and a 1 year high of $41.96. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.87.

York Water (NASDAQ:YORW) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $19.72 million during the quarter, compared to analyst estimates of $19.00 million. York Water had a net margin of 28.57% and a return on equity of 9.44%. As a group, equities research analysts predict that York Water will post 1.43 earnings per share 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.