Ashley M. Grimm, Vice President of Human Resources at York Water Co. (NASDAQ:YORW), recently acquired shares of the company amid the stock trading near its 52-week low of $30.02. According to a Form 4 filing with the Securities and Exchange Commission, Grimm purchased 12.479 shares of York Water Co. common stock on January 16, 2025. The shares were bought at an average price of $31.253 each, totaling approximately $390, as the stock has declined over 22% in the past six months.
Following this transaction, Grimm now holds 21.851 shares of the company. These shares include those acquired through York Water Co.'s dividend reinvestment plan, which has maintained consistent dividend payments for 51 consecutive years, currently yielding 2.84%. InvestingPro analysis reveals 8 additional key insights about York Water's financial health and market position.
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 decision comes following a successful year where the company completed the Lake Williams Dam Rehabilitation project on time and within budget. The company's strategy remains focused on maintaining a sustainable utility infrastructure to support growth and meet the needs of its expanding customer base.
In addition to the dividend increase, York Water has seen significant changes in its Board of Directors. Ernest J. Waters (NYSE:WAT) retired from the board after over 17 years of service, in accordance with the company's retirement policy. He will continue his association with the company as a Director Emeritus. Furthermore, Robert F. Lambert, the current president of York County Libraries, has been appointed as a new independent director, providing valuable insights and guidance.
These recent developments emphasize York Water's commitment to its shareholders, as evidenced by its 28-year streak of increasing dividends, and its strategic focus on infrastructure investment.
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