The York Water Company (NASDAQ:YORW - Get Free Report) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Shareholders 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 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% per year over the last three years and has increased its dividend every year for the last 23 years. York Water has a dividend payout ratio of 55.0% meaning 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 Trading Down 1.1 %
YORW stock traded down $0.33 during midday trading on Wednesday, hitting $31.01. The company had a trading volume of 48,237 shares, compared to its average volume of 63,923. 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 has a 52 week low of $29.86 and a 52 week high of $41.96. The stock's 50 day moving average price is $33.23 and its 200 day moving average price is $36.32. The stock has a market cap of $445.61 million, a price-to-earnings ratio of 20.95 and a beta of 0.64.
York Water (NASDAQ:YORW - Get Free Report) last announced its earnings results on Thursday, November 7th. The utilities provider reported $0.41 EPS for the quarter, meeting analysts' consensus estimates of $0.41. The company had revenue of $19.72 million during the quarter, compared to the consensus estimate of $19.00 million. York Water had a return on equity of 9.44% and a net margin of 28.57%. As a group, equities research analysts expect that York Water will post 1.43 earnings per share for the current fiscal year.
York Water Company Profile
(
Get Free Report)
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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