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

Key Points

• The York Water Company announced a quarterly dividend of $0.22 per share, payable on October 15th to stockholders of record as of September 30th, with a dividend yield of 2.9%.
• The company reported earnings per share (EPS) of $0.35, exceeding analysts' expectations, and has a current payout ratio of 55.7%, suggesting it can sustain future dividends.
• Wall Street analysts have upgraded York Water's rating from "sell" to "hold," indicating a more favorable outlook for investors.

The York Water Company (NASDAQ:YORW - Get Free Report) announced a quarterly dividend on Monday, August 25th. Stockholders of record on Tuesday, September 30th will be paid a dividend of 0.2192 per share by the utilities provider on Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 30th.

York Water has a payout ratio of 55.7% indicating that 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

Shares of NASDAQ YORW traded up $0.26 during mid-day trading on Friday, reaching $30.75. 76,803 shares of the company traded hands, compared to its average volume of 107,896. York Water has a fifty-two week low of $29.86 and a fifty-two week high of $38.50. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 0.80. The firm has a market cap of $443.42 million, a PE ratio of 22.45 and a beta of 0.74. The stock has a fifty day simple moving average of $30.83 and a 200-day simple moving average of $32.42.

York Water (NASDAQ:YORW - Get Free Report) last announced its earnings results on Tuesday, August 12th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.02. York Water had a net margin of 25.83% and a return on equity of 8.50%. The company had revenue of $19.20 million for the quarter, compared to analyst estimates of $19.00 million. Equities research analysts anticipate that York Water will post 1.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of York Water from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th.

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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