York Water Enhances Shareholder Value With 4% Dividend Hike

Core Points - The York Water Company (YORW) announced a 4% increase in its quarterly dividend, raising it to 21.92 cents per share from 21.08 cents, effective January 15, 2025 [1] - This marks the 616th consecutive dividend payment and the 28th consecutive year of dividend increases, resulting in an annualized dividend of 87.68 cents per share compared to 84.32 cents [2] - The current dividend yield stands at 2.35%, surpassing the Zacks S&P 500 composite average of 1.19% [2] Investment and Growth Strategy - YORW continues to benefit from strategic investments and acquisitions aimed at providing safe and reliable water and wastewater services [3] - In the first nine months of 2024, the company invested $33 million in capital projects, including dam improvements and wastewater treatment plant construction [3][5] - YORW plans to invest an additional$9.7 million in 2024 and nearly $46.1 million in 2025 for infrastructure upgrades and expansions [5] Market Performance - Over the past month, YORW's shares have increased by 1.1%, while the industry has grown by 1.4% [9] - Since November 4, 2024, YORW's stock performance has shown a growth of 7.65% compared to the utility-water supply market's growth of 1.4% [10] Industry Context - Utility companies typically exhibit stable operations and earnings, allowing them to provide regular dividends [7] - Other utility companies, such as Global Water Resources, Entergy Corporation, and American States Water Company, have also raised their dividends recently, indicating a positive trend in the sector [7][8]