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Robert F. Lambert, a director at York Water Co (NASDAQ:YORW), recently acquired shares of the company, according to a recent SEC filing. Lambert purchased a total of 15.277 shares at a price of $32.729 per share, amounting to a total transaction value of approximately $500. According to InvestingPro data, the stock currently trades near its Fair Value, with a P/E ratio of 22.8x and a dividend yield of 2.6%. This acquisition increases Lambert’s direct ownership in the company to 15.277 shares. York Water Co, based in York, Pennsylvania, is known for its operations in the water supply industry. The company boasts an impressive track record of 52 consecutive years of dividend payments and 28 years of consecutive dividend increases. InvestingPro analysis reveals strong gross profit margins of 74% and maintains a "Fair" overall financial health rating. Additional insights and metrics are available through InvestingPro’s comprehensive analysis tools.
In other recent news, York Water Company has announced a 4% increase in its quarterly dividend, bringing the payout to $0.2192 per share. This marks the company’s 616th consecutive dividend, a streak that extends over two centuries, highlighting its commitment to shareholder value. The increased dividend will be distributed on January 15, 2025, to shareholders of record as of December 31, 2024. This announcement follows a successful year for York Water, during which it completed the Lake Williams Dam Rehabilitation project on time and within budget. The project is part of the company’s broader strategy to invest in infrastructure and ensure the provision of safe and reliable water services. York Water’s consistent dividend payments underscore its stability and resilience, with the company boasting the longest streak of consecutive dividends in the United States. The company has increased its dividend for 28 consecutive years, reflecting a strong commitment to its shareholders. York Water is recognized as the oldest publicly traded company in the nation, maintaining a dividend payout for over 208 years.
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