YORK, Pa., Nov. 22, 2010 (GLOBE NEWSWIRE) -- The York Water Company's (Nasdaq:YORW) President and CEO, Jeffrey R. Hines, announced today that the Board of Directors at their November 22 nd meeting increased the quarterly dividend from $0.128 per share to $0.131 per share, an increase of 2.3%. The annualized dividend yield based on Friday's stock market closing is about 3.2%. The dividend is payable January 14, 2011 to shareholders as of record date December 31, 2010.
This is the 560 th consecutive dividend to be paid by The York Water Company and is the fourteenth consecutive year that the Company has increased its dividend. York Water, which is the oldest investor owned utility in the nation, has paid dividends for 194 consecutive years beginning in 1816. This is believed to be the longest record of consecutive dividends in America.
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CONTACT: York Water Company Jeffrey R. Hines, President and CEO Kathleen M. Miller, Chief Financial Officer 717-845-3601