THE YORK WATER COMPANY DECLARES 612TH DIVIDEND
The York Water Company’s (NASDAQ: YORW) President and CEO, JT Hand, announced today that the Board of Directors at their November 20th meeting declared a quarterly dividend of $0.2108 per share, a 4% increase. The dividend is payable January 16, 2024, to shareholders as of record date December 29, 2023.
This is the 612th consecutive dividend to be paid by The York Water Company. JT Hand, President and CEO, stated, “In spite of the challenging drought conditions in York County, 2023 has been a tremendously productive year for the Company in terms of capital placement, customer growth, and expansion of territory. The Company’s prudent investment in redundant utility infrastructure has been on full display in the rehabilitation of the Lake Williams Dam Spillway and the operational flexibility of redundant pumping systems on the Susquehanna River. We are proud to say we have now increased our dividends for 27 consecutive years, reinforcing our commitment to create value for our shareholders while responsibly investing in our water and wastewater utility infrastructure.” York Water, which is the oldest publicly traded company in the nation, has never missed a dividend in over 207 years. This is believed to be the longest record of consecutive dividends in America.
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.