The York Water Company (NASDAQ:YORW – Get Free Report) announced a quarterly dividend on Monday, November 25th,Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.2192 per share by the utilities provider on Wednesday, January 15th. This represents a $0.88 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from York Water’s previous quarterly dividend of $0.21.
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 27 years. York Water has a dividend payout ratio of 57.5% 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 Price Performance
York Water stock opened at $32.95 on Friday. The stock’s 50 day moving average price is $35.38 and its two-hundred day moving average price is $37.17. The stock has a market capitalization of $473.62 million, a price-to-earnings ratio of 22.26 and a beta of 0.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.68 and a current ratio of 0.88. York Water has a 52-week low of $32.71 and a 52-week high of $41.96.
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.
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