The York Water Company (NASDAQ:YORW) to Issue Quarterly Dividend of $0.23

The York Water Company (NASDAQ:YORW - Get Free Report) announced a quarterly dividend on Tuesday, November 25th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.228 per share by the utilities provider on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a 4.0% increase from York Water's previous quarterly dividend of $0.22.York Water has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 27 years. York Water has a payout ratio of 55.1% meaning its dividend is sufficiently covered by earnings. Analysts expect York Water to earn $1.53 per share next year, which means the company should continue to be able to cover its $0.87 annual dividend with an expected future payout ratio of 56.9%. York Water Trading Up 1.7%Shares of NASDAQ YORW traded up $0.55 on Wednesday, reaching $32.72. 40,847 shares of the company traded hands, compared to its average volume of 84,818. The company has a 50 day moving average of $31.33 and a 200 day moving average of $31.50. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 0.93. York Water has a fifty-two week low of $29.68 and a fifty-two week high of $36.48. The stock has a market capitalization of $472.33 million, a PE ratio of 23.88 and a beta of 0.74. York Water (NASDAQ:YORW - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. The firm had revenue of $20.36 million during the quarter, compared to analyst estimates of $21.00 million. York Water had a net margin of 25.83% and a return on equity of 8.50%. On average, equities research analysts forecast 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.Featured ArticlesFive stocks we like better than York WaterHow to find penny stocks to invest and trade These 2 Energy Titans Just Scored Major Wins to Close Out NovemberHigh Dividend REITs: Are They an Ideal Way to Diversify?Analog Devices Moves Higher as Super-Cycle Gains MomentumBreakout Stocks: What They Are and How to Identify ThemMicrosoft Stock Faces An AI-Driven Physics ProblemThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in York Water Right Now?Before you consider York Water, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and York Water wasn't on the list.While York Water currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here