Showing posts with label York Water Company. Show all posts
Showing posts with label York Water Company. Show all posts

Wednesday, December 19, 2012

Dividend Machine for week of 12/17/2012 York Water Company, YORK



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
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Monday, May 9, 2011

Dividend Machine – The York Water Co. symbol YORW




                In the U.S. Sunday was mother’s day.  My mom, who worked at the water company in my home town used tell me to respect water.  Water is important, she would say, “water can cause enormous damage, yet without drinkable water, human life is not possible.  She went on to warn me that “they are not making any more of it.”  With those unbeatable market dynamics, ever growing demand and fixed supply, I decided to invest in a water company.
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