York Water (NASDAQ:YORW) announced its quarterly earnings results on Tuesday. The utilities provider reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03, MarketWatch Earnings reports. The business had revenue of $12.07 million during the quarter, compared to analysts’ expectations of $13.61 million. York Water had a net margin of 27.61% and a return on equity of 10.94%.
NASDAQ:YORW opened at $34.26 on Thursday. York Water has a 12 month low of $28.95 and a 12 month high of $36.50. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.43 and a quick ratio of 0.38. The stock has a market capitalization of $455.97 million, a PE ratio of 32.94 and a beta of 0.27.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, February 28th will be given a $0.1733 dividend. This represents a $0.69 annualized dividend and a dividend yield of 2.02%. This is a boost from York Water’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, February 27th. York Water’s dividend payout ratio (DPR) is currently 66.35%.
About York Water
The York Water Company impounds, purifies, and distributes drinking water. It also owns and operates three wastewater collection systems and two wastewater treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which together hold up to approximately 2.2 billion gallons of water.
Featured Article: Debt-To-Equity Ratio
Receive News & Ratings for York Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for York Water and related companies with MarketBeat.com's FREE daily email newsletter.