The York Water Company (YORW) will raise its quarterly dividend to $0.1602 per share.

The increased dividend is payable January 17, 2017 to shareholders as of record date December 30, 2016. 

It's the 584th consecutive dividend to be paid by The York Water Company and is the twentieth consecutive year that the Company has increased its dividend. York Water is the oldest investor-owned utility in the nation, and is believed to have the longest record of consecutive dividends in America, having paid dividends for over 200 years.

Today’s dividend increase indicates an annualized rate of $0.6408 per common share and a yield of approximately 1.8% based on the $37.00 closing price on November 22, 2016.

The York Water Company is an investor-owned water utility, impounding, purifying and distributing water. The company provides its customers within York and Adams Counties (Pennsylvania) with water, wastewater, and related services. The Company is regulated by the Pennsylvania Public Utility Commission and obtains its water supply from the south branch and east branch of the Codorus Creek. YORW has two reservoirs, Lake Williams and Lake Redman.