York
Water Company’s most recent quarterly report says a lot about this company
being included in my list of dividend machines for 2012.
News Release
THE YORK WATER COMPANY
ANNOUNCES AN INCREASED 568th DIVIDEND
196 CONSECUTIVE YEARS:
LONGEST DIVIDEND RECORD IN AMERICA
York, Pennsylvania,
November 20, 2012: The York Water
Company's (NASDAQ:YORW)
President and CEO, Jeffrey R. Hines, announced today that the Board of Directors at their November 19th meeting declared a quarterly dividend of $0.1383 per share, an increase of 3.5%. The annualized dividend yield based on yesterday’s stock market closing is about 3.2%. The dividend is payable January 15, 2013 to shareholders as of record date December 31, 2012.
This
is the 568th consecutive dividend to be paid by The York Water
Company and is the sixteenth
consecutive year that the Company has increased its dividend. York Water, which is the oldest investor owned utility in the nation, has paid dividends for 196 consecutive years beginning in 1816. This is believed to be the longest record of consecutive dividends in America. |
It should be no surprise that YORK was a
2011 dividend machine: I have provided a link to that post here. http://www.themoneymadam.com/2011/05/dividend-machine-york-water-co-symbol.html
YORK’s dividend machine criteria are presented
in the table below.
DIVIDEND MACHINE
|
12/18/2012
|
||
York Water Company
|
YORK
|
||
Price when
profiled
|
$17.49
|
||
Last 4
Qtrs Earnings
|
$0.70
|
||
Last 4
Qtrs Dividends
|
$0.52
|
||
Current
Qtr Dividend
|
$0.14
|
||
Annualized
Div Yield
|
3.16%
|
||
No. Years
Div Increase
|
196
|
||
Debt/Equity
ratio
|
86.00%
|
||
Consider this little company for the
income producing portion of your investment portfolio.
Very
Truly Yours,
TheMoneyMadam
