YORK, Pa., Nov. 20, 2012 (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 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.
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Source:York Water Company