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In a recent transaction, Alexandra C. Chiaruttini, Chief Administrative Officer and General Counsel of York Water Co (NASDAQ:YORW), purchased 39.261 shares of the company’s common stock. The shares were acquired at a price of $33.1123 each, amounting to a total transaction value of approximately $1,300. The stock currently trades at $35.40, representing a 7% gain from the insider purchase price. According to InvestingPro analysis, York Water maintains impressive gross profit margins of 74%. Following this acquisition, Chiaruttini’s total direct ownership in York Water Co stands at 3,587.687 shares. The purchase was part of the company’s dividend reinvestment plan, which has proven valuable for long-term investors. InvestingPro data reveals York Water has maintained dividend payments for 52 consecutive years and raised them for 28 straight years, with a current yield of 2.5%. Discover more dividend insights and 6 additional ProTips with an InvestingPro subscription.
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