The York Water Company (NASDAQ:YORW – Get Free Report) declared a quarterly dividend on Monday, August 26th, Wall Street Journal reports. Investors of record on Monday, September 30th will be given a dividend of 0.2108 per share by the utilities provider on Tuesday, October 15th. This represents a $0.84 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Monday, September 30th.
York Water has increased its dividend by an average of 4.0% annually over the last three years and has increased its dividend annually for the last 26 consecutive years. York Water has a payout ratio of 54.9% meaning 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 $0.84 annual dividend with an expected future payout ratio of 54.9%.
York Water Stock Up 1.0 %
Shares of York Water stock opened at $37.52 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 0.85. The stock has a 50 day moving average price of $38.92 and a two-hundred day moving average price of $37.34. The stock has a market capitalization of $538.79 million, a P/E ratio of 22.07 and a beta of 0.64. York Water has a 12-month low of $33.32 and a 12-month high of $41.96.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of York Water from a “sell” rating to a “hold” rating in a report on Friday, August 30th.
Check Out Our Latest Stock Report on YORW
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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