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York Water Co. (NASDAQ:YORW), a water utility with a market capitalization of $505.5 million, saw its Vice President of Engineering, Mark Snyder, recently purchase additional shares of the company’s common stock. According to a filing with the Securities and Exchange Commission, Snyder acquired 9.815 shares on April 16 at a price of $33.1123 per share, totaling approximately $324. The stock currently trades at $35.13, representing a 6% gain from the insider purchase price. This transaction was conducted under the company’s dividend reinvestment plan, increasing Snyder’s total holdings to 4,034.666 shares. 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%. The company’s impressive 73.76% gross profit margins support its dividend sustainability, though current analysis suggests the stock trades above its Fair Value. Investors seeking deeper insights into York Water’s dividend strength and valuation metrics can access additional analysis through InvestingPro.
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