Announces an Increased 580th Dividend
Continues the American Dividend Record
YORK, Pa., Nov. 24, 2015 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President and CEO, Jeffrey R. Hines, announced today that the Board of Directors at their November 23rd meeting declared a quarterly dividend of $0.1555 per share, an increase of 4.0%. The dividend is payable January 15, 2016 to shareholders as of record date December 31, 2015.
According to President Hines: “The York Water Company has now declared dividends for 200 consecutive years which is a remarkable feat in this great nation founded on the principles of free enterprise. When a group of local business leaders gathered to issue the first shares of stock in 1816, and then paid dividends every year since then, they started a record that is unsurpassed for a publicly traded company in America. Even in 1863, when the City of York was occupied by an invading army, York Water’s Board of Directors maintained its dividend record intact.”
This is the 580th consecutive dividend to be paid by The York Water Company and is the nineteenth consecutive year that the Company has increased its dividend. York Water is believed to have the longest record of consecutive dividends in America.
Source:York Water Company