This transaction increased Snyder's direct ownership to 3,996.975 shares, as reported. The acquisition was made through York Water Co's dividend reinvestment plan, which allows shareholders to reinvest dividends into additional shares. The company maintains an impressive dividend track record, having paid dividends for 51 consecutive years and raised them for 28 straight years, with a current yield of 2.84%. InvestingPro subscribers can access additional insights, including 8 more key tips about York Water's financial health and valuation metrics. The company maintains an impressive dividend track record, having paid dividends for 51 consecutive years and raised them for 28 straight years, with a current yield of 2.84%. InvestingPro subscribers can access additional insights, including 8 more key tips about York Water's financial health and valuation metrics.
This transaction increased Snyder's direct ownership to 3,996.975 shares, as reported. The acquisition was made through York Water Co's dividend reinvestment plan, which allows shareholders to reinvest dividends into additional shares.
In other recent news, York Water Company announced a 4% increase in its quarterly dividend to $0.2192 per share, marking its 616th consecutive payout. This increase follows a successful year, with the company completing the Lake Williams Dam Rehabilitation project on time and within budget. York Water has been recognized for its commitment to investing in infrastructure, ensuring the provision of reliable water and wastewater services to its customers.
The company has also seen significant changes in its Board of Directors. After over 17 years of service, Ernest J. Waters (NYSE:WAT) retired from the board, but will continue his association as a Director Emeritus. In contrast, Robert F. Lambert, president of York County Libraries, was appointed as a new independent director, expected to provide valuable insights and guidance.
These recent developments underscore York Water's enduring approach to shareholder value, highlighted by its track record of increasing dividends for 28 consecutive years. The company has maintained a dividend payout for over 208 years, a significant milestone in corporate America, and a testament to its stability and resilience.
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