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

The York Water Company (NASDAQ:YORW) declared a quarterly dividend on Monday, January 27th,Wall Street Journal reports. Stockholders of record on Friday, February 28th will be paid 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 dividend yield of 2.83%. The ex-dividend date 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 payout ratio of 55.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 1.1 %

NASDAQ YORW traded down $0.33 during trading on Wednesday, reaching $31.01. The company’s stock had a trading volume of 48,237 shares, compared to its average volume of 64,496. The stock has a market capitalization of $445.61 million, a PE 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 business has a 50-day moving average price of $33.23 and a 200-day moving average price of $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.

York Water (NASDAQ:YORW) last posted its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. York Water had a return on equity of 9.44% and a net margin of 28.57%. The company had revenue of $19.72 million during the quarter, compared to analysts’ expectations of $19.00 million. On average, research analysts forecast 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.