The York Water Company

11/26/2024 | Press release | Distributed by Public on 11/26/2024 09:59

616th Consecutive Dividend

THE YORK WATER COMPANY DECLARES 616TH DIVIDEND

York, Pennsylvania, November 26, 2024: The York Water Company's (NASDAQ: YORW) President and CEO, JT Hand, announced today that the Board of Directors at their November 25th meeting declared a quarterly dividend of $0.2192 per share, a 4% increase. The dividend is payable January 15, 2025, to shareholders as of record date December 31, 2024.

This is the 616th consecutive dividend to be paid by The York Water Company. JT Hand, President and CEO, stated, "In 2024 The York Water Company received National, Regional and State recognition for our extraordinary accomplishment in completing our Lake Williams Dam Rehabilitation project on time and on budget. This intentional capital investment in the Company's utility infrastructure defines York Water's strategy to provide safe, reliable, and sustainable water and wastewater service to our expanding customer base. We are proud to say we have now increased our dividends for 28 consecutive years, reinforcing our commitment to creating value for our shareholders." York Water, which is the oldest publicly traded company in the nation, has never missed a dividend in over 208 years. This is believed to be the longest record of consecutive dividends in America.

This release contains forward-looking statements that are subject to various risks and uncertainties. A discussion of factors that may cause actual results to differ from management's projections, forecasts, estimates and expectations is available in the Company filings with the SEC. Those factors may include changes in general economic conditions, increases in costs, changes in regulation and other factors. The Company undertakes no obligation to update forward looking statements to reflect changes occurring after the date hereof.