York water CFO Poff buys $130 in shares

Published 17/07/2025, 14:54
York water CFO Poff buys $130 in shares

York Water Co (NASDAQ:YORW) Chief Financial Officer Matthew E. Poff reported purchasing 4.349 shares of common stock on July 16, 2025, at a price of $29.8941 per share, totaling approximately $130.

Following the transaction, Poff directly owns 8082.382 shares of York Water Co, which includes shares acquired under the company’s dividend reinvestment plan. The company maintains an impressive track record of 52 consecutive years of dividend payments, with a current yield of 2.82%. InvestingPro subscribers can access additional dividend metrics and 5+ more exclusive insights about York Water’s financial health and valuation.

In other recent news, The York Water Company has submitted a formal application to the Pennsylvania Public Utility Commission for an increase in water and wastewater service rates. This proposed rate adjustment is intended to support ongoing investments in infrastructure, with the company having invested $145 million since the last rate increase. If approved, the rate increase would generate an additional $24.2 million in annual revenues, affecting residential customers with a monthly increase of approximately $14.16 for water and $35.85 for wastewater services. Meanwhile, at the company’s annual shareholder meeting, several key proposals were approved, including the election of four directors and the ratification of Baker Tilly US, LLP as the independent auditor. Shareholders also approved executive compensation and the adoption of a new long-term incentive plan. These decisions indicate strong shareholder support for the company’s governance and strategic initiatives. The York Water Company remains committed to its mission of providing essential water and wastewater services to over 212,000 people across multiple counties.

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