York Water (YORW) Stock

Dividend stocks have more than doubled up the average annual return of non-payers over the last half century. Although more than 1,000 publicly traded companies pay a dividend, no two income stocks are the same.

YORK, Pa., Aug. 02, 2024 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the second quarter and the first six months of 2024.

In dividend investing, business continuity is the name of the game. York Water's operating revenue and diluted EPS topped the analyst consensus in Q1. The water utility's interest coverage ratio clocked in above 3 for the first quarter.

The York Water (YORW) is a solid choice in the water utility sector thanks to increasing projections, steady ROE, and reliable dividend payouts.

York Water (YORW) makes a strong case for investment, given its growth prospects, strong ROE and ability to increase shareholders' value.

York Water has paid uninterrupted dividends to shareholders dating back to 1816, the James Madison administration. The water utility's operating revenue and diluted EPS surged higher in Q3. YORW's interest coverage ratio through the first nine months of 2023 was near 5.

The York Water Company (YORW) is a strong pick in the water utility space, given its rising earnings estimates, financial flexibility and ability to pay dividends.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does York Water (YORW) have what it takes?

York Water's 200-plus year streak of paying a dividend to shareholders should have no problem continuing in the years ahead. The water utility should keep steadily growing in the future. York Water enjoys an A- credit rating from S&P.