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

Rhea-AI Summary

The York Water Company (NASDAQ:YORW) has announced a quarterly dividend of $0.1874 per share, marking a 4% increase. The dividend will be paid on January 15, 2021 to shareholders of record as of December 31, 2020. This payment is the 600th consecutive dividend and the 24th consecutive annual increase, solidifying the Company's position as one of the oldest publicly traded entities in the U.S. York Water has maintained this impressive dividend record for over 204 years, showcasing its commitment to shareholder returns and proactive infrastructure investment.

Positive

• Quarterly dividend increased by 4% to $0.1874 per share.
• 600th consecutive dividend payment demonstrates reliability.
• 24th consecutive year of dividend increase shows strong commitment to investors.

Negative

• None.

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 600^th 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.

FAQ

What is the current dividend amount for York Water Company (YORW)?

The current dividend amount for York Water Company is $0.1874 per share.

When is the dividend payment date for YORW shareholders?

The dividend payment date for YORW shareholders is January 15, 2021.

How long has York Water Company been paying dividends?

York Water Company has been paying dividends for over 204 years, with a record of 600 consecutive payments.

How often does York Water Company (YORW) pay dividends?

York Water Company pays dividends quarterly.

What was the percentage increase in the recent dividend announcement?

The recent dividend announcement reflected a 4% increase.