The York Water Company (YORW) will raise its quarterly dividend by 4.0 percent to $0.1733 per share in the fourth quarter of 2018. This marks the 22nd consecutive year of annual dividend increases by the water utility.

The increased dividend is payable January 15, 2019 to shareholders as of record date December 31, 2018. The new annualized dividend rate yields 2.1% at a stock price of $32.47 for YORW.

This is the 592nd consecutive dividend to be paid by The York Water Company and is the twenty-second 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.

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.