York Water Co (YORW) To Go Ex-Dividend on September 27th

York Water Co (NASDAQ:YORW) announced a quarterly dividend on Monday, August 19th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.173 per share by the utilities provider on Tuesday, October 15th. This represents a $0.69 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, September 27th.

York Water has increased its dividend by an average of 3.7% annually over the last three years and has raised its dividend every year for the last 17 years. York Water has a dividend payout ratio of 69.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect York Water to earn $1.17 per share next year, which means the company should continue to be able to cover its $0.69 annual dividend with an expected future payout ratio of 59.0%.

NASDAQ YORW traded up $1.13 on Wednesday, reaching $43.71. The company had a trading volume of 42,118 shares, compared to its average volume of 21,163. The stock’s 50 day moving average is $38.44 and its 200-day moving average is $35.65. The stock has a market cap of $535.50 million, a price-to-earnings ratio of 42.03 and a beta of 0.17. The company has a quick ratio of 0.82, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. York Water has a 52 week low of $29.88 and a 52 week high of $44.23.

York Water (NASDAQ:YORW) last released its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. York Water had a return on equity of 11.06% and a net margin of 28.21%. The business had revenue of $13.05 million during the quarter, compared to the consensus estimate of $12.00 million. As a group, analysts forecast that York Water will post 1.13 EPS for the current year.

A number of research analysts have issued reports on YORW shares. BidaskClub raised York Water from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Zacks Investment Research reissued a “buy” rating and issued a $42.00 target price on shares of York Water in a research note on Sunday, September 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $39.50.

About York Water

The York Water Company impounds, purifies, and distributes drinking water. It also owns and operates three wastewater collection systems and two wastewater treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. In addition, the company has a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns seven wells that supply water to its customers in Carroll Valley Borough and Cumberland Township, Adams County.

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Dividend History for York Water (NASDAQ:YORW)

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