The York Water Company Announces 3% Increase In Dividend
Zacks Investment Research | Nov 22, 2016 08:08PM ET
The board of directors at The York Water Company (NASDAQ:YORW) approved a 3% increase in its quarterly dividend. The revised dividend of 16.02 cents per share will be distributed on Jan 17, 2016, to shareholders of record at the close of business as on Dec 30.
The latest hike marks an increase of 0.42 cents from the last dividend of 15.6 cents. This reflects management's confidence in the company’s financial strength and performance for the long haul. The new annualized dividend amounts to 64.08 cents per share, up from 62.40 cents paid earlier, resulting in a dividend yield of 1.9%.
The York Water Company’s management has been consistently increasing its dividend payout over the last 20 years. Also, the company has been paying quarterly dividends over the last 200 years.
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