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Joseph Thomas Hand, CEO and President of York Water Co (NASDAQ:YORW), has recently purchased additional shares in the company. According to a recent SEC filing, Hand acquired 20 shares of common stock at a price of $34.66 per share, totaling approximately $693. The utility company, with a market capitalization of nearly $499 million, boasts impressive gross profit margins of 74% and maintains a solid dividend track record. InvestingPro analysis shows the company has maintained dividend payments for 52 consecutive years. This transaction increases his direct ownership to 35,273 shares. Additionally, he holds 97.78 shares indirectly through a child, as part of York Water’s dividend reinvestment plan. The company currently offers a dividend yield of 2.53%, with InvestingPro data revealing 6 additional key insights about York Water’s financial health and valuation metrics.
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