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

The York Water Company (NASDAQ:YORW) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Friday, February 28th.

York Water has increased its dividend payment by an average of 4.0% annually over the last three years and has raised its dividend every year for the last 23 years. York Water has a dividend payout ratio of 55.0% indicating that its dividend is sufficiently covered by earnings. 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 stock traded down $0.33 during trading on Wednesday, reaching $31.01. The stock had a trading volume of 48,237 shares, compared to its average volume of 63,923. York Water has a 52 week low of $29.86 and a 52 week high of $41.96. The stock’s 50 day moving average is $33.23 and its two-hundred day moving average is $36.32. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87. The firm has a market cap of $445.61 million, a PE ratio of 20.95 and a beta of 0.64.

York Water (NASDAQ:YORW) last posted its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. York Water had a return on equity of 9.44% and a net margin of 28.57%. The firm had revenue of $19.72 million for the quarter, compared to the consensus estimate of $19.00 million. As a group, equities analysts anticipate that York Water will post 1.43 earnings per share for the current year.

York Water Company Profile

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.