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The York Water Company (YORW)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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45.04-0.99 (-2.15%)
At close: 4:00PM EST
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Previous Close46.03
Open45.95
Bid0.00 x 800
Ask0.00 x 1000
Day's Range44.97 - 46.39
52 Week Range34.56 - 51.27
Volume20,541
Avg. Volume29,849
Market Cap587.772M
Beta (5Y Monthly)0.10
PE Ratio (TTM)36.03
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.75 (1.66%)
Ex-Dividend DateDec 30, 2020
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • The York Water Company Declares 600th Dividend – Rings Nasdaq Closing Bell
    GlobeNewswire

    The York Water Company Declares 600th Dividend – Rings Nasdaq Closing Bell

    YORK, Pa., Nov. 23, 2020 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President and CEO, JT Hand, announced today that the Board of Directors declared a quarterly dividend of $0.1874 per share, a 4% increase, at their November meeting held earlier today. The dividend is payable January 15, 2021 to shareholders as of record date December 31, 2020. This is the 600th consecutive dividend to be paid by The York Water Company and is the twenty-fourth consecutive year that the Company has increased its dividend. York Water, which is the oldest publicly traded company in the nation, has never missed a dividend in over 200 years. This is believed to be the longest record of consecutive dividends in America.“We are extremely proud to say The York Water Company has consistently paid dividends to our loyal investors for more than 204 years,” said Hand. “This record-breaking streak of returns distinguishes our commitment to our investors. Today we accentuate York Water’s responsible, prudent, and proactive investment in our infrastructure, and we acknowledge the trust of our investors. For over two centuries, we have combined industry-leading innovations in safe, reliable water and wastewater services with proactive infrastructure investment. We are thrilled to be back at Nasdaq to ring today’s closing bell to commemorate this unparalleled, history-making achievement.”This release contains forward-looking statements that are subject to various risks and uncertainties. A discussion of factors that may cause actual results to differ from management's projections, forecasts, estimates and expectations is available in the Company filings with the SEC. Those factors may include changes in general economic conditions, increases in costs, changes in regulation and other factors. The Company undertakes no obligation to update forward looking statements to reflect changes occurring after the date hereof. CONTACT: Contact: JT Hand, President & CEO jth@yorkwater.com or Matthew E. Poff, Chief Financial Officer matthewp@yorkwater.com Phone: 717-845-3601

  • York Water Company Reports 3rd Quarter and Nine Months Earnings
    GlobeNewswire

    York Water Company Reports 3rd Quarter and Nine Months Earnings

    YORK, Pa., Nov. 06, 2020 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the third quarter and the first nine months of 2020. President Hand reported that third quarter operating revenues of $14,257,000 increased $577,000 and net income of $4,704,000 increased $221,000 compared to the third quarter of 2019. Earnings per share of $0.36 for the three-month period increased $0.01 compared to the same period last year. Increased revenues were primarily due to higher per capita residential consumption and growth in the customer base. The increased revenue was partially offset by higher operation and maintenance expenses, depreciation, and income taxes due to lower deductions from the IRS tangible property regulations. Interest expense decreased due to lower interest rates.President Hand also reported that the first nine months operating revenues of $40,454,000 increased $1,895,000 and net income of $12,888,000 increased $1,875,000 compared to the first nine months of 2019. Increased revenues resulted primarily from the March 1, 2019 rate increase, higher per capita residential consumption, and growth in the customer base partially offset by lower Distribution System Improvement Charge (DSIC) after its reset to zero. DSIC is a Pennsylvania Public Utility Commission (PPUC) allowed charge that water utilities collect from customers for the replacement of aging infrastructure. The Company also recognized a non-recurring gain on life insurance. The increased income was partially offset by higher operation and maintenance expenses, depreciation, and income taxes due to higher taxable income partially offset by higher deductions from the IRS tangible property regulations. Interest expense decreased due to lower interest rates. Earnings per share of $0.99 for the nine-month period increased $0.14 compared to the same period last year.During the first nine months of 2020, the Company invested $16.0 million in construction expenditures for replacement of a standpipe as well as various replacements and improvements to infrastructure. In addition, the Company invested $1,158,000 in the acquisition of two wastewater systems.   The Company estimates it will invest an additional $12.2 million in 2020, excluding acquisitions, for reimbursement for the Amblebrook development water and wastewater infrastructure, additional main extensions, improvements to a raw water pumping station, expansion of a wastewater treatment plant, and routine improvements to its pipes, service lines, and other facilities to ensure a safe, adequate, and reliable supply of drinking water and to maintain proper handling and disposal of wastewater for the Company’s growing customer base. Period Ended September 30  In 000's (except per share)  QuarterNine Months   2020 2019 2020 2019 Operating Revenues$14,257$13,680$40,454$38,559 Net Income$4,704$4,483$12,888$11,013 Average Number of Common Shares Outstanding 13,032 12,969 13,021 12,956 Basic and Diluted Earnings Per Common Share$0.36$0.35$0.99$0.85 Dividends Declared Per Common Share$0.1802$0.1733$0.5406$0.5199 This news release may contain forward-looking statements regarding the Company’s operational and financial expectations. These statements are based on currently available information and are subject to risks, uncertainties, and other events which could cause the Company’s actual results to be materially different from the results described in this statement. The Company undertakes no duty to update any forward-looking statement. CONTACT: Contact: JT Hand, President and CEO jth@yorkwater.com, 717-718-7554 or Matthew E. Poff, Chief Financial Officer matthewp@yorkwater.com, 717-718-7549 Phone: 717-845-3601

  • GlobeNewswire

    York Water Company Reports 2nd Quarter and Six Months Earnings

    YORK, Pa., Aug. 06, 2020 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the second quarter and the first six months of 2020.President Hand reported that second quarter operating revenues of $13,320,000 increased $272,000 and net income of $4,182,000 increased $465,000 compared to the second quarter of 2019.  Earnings per share of $0.32 for the three-month period increased $0.04 compared to the same period last year.  Increased revenues were primarily due to higher per capita residential consumption and growth in the customer base.  The increased revenue was partially offset by higher operation and maintenance expenses and depreciation.  Interest expense decreased due to lower interest rates and income taxes decreased due to higher deductions from the IRS tangible property regulations.President Hand also reported that the first six months operating revenues of $26,197,000 increased $1,318,000 and net income of $8,184,000 increased $1,654,000 compared to the first six months of 2019.  Increased revenues resulted primarily from the March 1, 2019 rate increase, higher per capita residential consumption, and growth in the customer base partially offset by lower Distribution System Improvement Charge (DSIC) after its reset to zero.  DSIC is a Pennsylvania Public Utility Commission (PPUC) allowed charge that water utilities collect from customers for the replacement of aging infrastructure.  The Company also recognized a non-recurring gain on life insurance.  The increased income was partially offset by higher operation and maintenance expenses and depreciation.  Interest expense decreased due to lower interest rates and income taxes decreased due to higher deductions from the IRS tangible property regulations.  Earnings per share of $0.63 for the six-month period increased $0.13 compared to the same period last year.During the first six months of 2020, the Company invested $9.0 million in construction expenditures for replacement of a standpipe as well as various replacements and improvements to infrastructure.  The Company estimates it will invest an additional $12.6 million in 2020, excluding acquisitions, for additional main extensions, improvements to a raw water pumping station, expansion of a wastewater treatment plant, and routine improvements to its pipes, service lines, and other facilities to ensure a safe, adequate, and reliable supply of drinking water and to maintain proper handling and disposal of wastewater for the Company’s growing customer base. Period Ended June 30    In 000's (except per share)     Quarter Six Months     2020 2019 2020 2019  Operating Revenues$13,320$13,048$26,197$24,879  Net Income$4,182$3,717$8,184$6,530  Average Number of Common Shares Outstanding 13,022 12,956 13,016 12,949  Basic and Diluted Earnings Per Common Share$0.32$0.28$0.63$0.50  Dividends Declared Per Common Share$0.1802$0.1733$0.3604$0.3466  This news release may contain forward-looking statements regarding the Company’s operational and financial expectations. These statements are based on currently available information and are subject to risks, uncertainties, and other events which could cause the Company’s actual results to be materially different from the results described in this statement. The Company undertakes no duty to update any forward-looking statement.  CONTACT: Contact: JT Hand, President and CEO jth@yorkwater.com, 717-718-7554 or Matthew E. Poff, Chief Financial Officer matthewp@yorkwater.com, 717-718-7549 Phone:717-845-3601