York Water Marks 620 Consecutive Dividends, A Top Choice for Income Investors
Written by Emily J. Thompson, Senior Investment Analyst
Source: Fool
- Steady Dividend Record: York Water has achieved 620 consecutive dividend payments since the early 1800s, establishing itself as a reliable dividend stock that attracts significant investor interest, reflecting its robust operational capabilities in the water utility sector.
- Diverse Revenue Sources: In 2024, residential customers accounted for approximately 64% of York Water's total revenue, while commercial and industrial customers contributed 29%, ensuring stable cash flows for the company across varying market conditions.
- Regulatory Environment Assurance: As a regulated utility, York Water secures a guaranteed rate of return on its operations by filing rate increase requests with the Pennsylvania Public Utility Commission, which underpins its ability to maintain consistent dividend payments.
- Competitor Analysis: While York Water boasts a long dividend history, American States Water stands out with a 71-year streak of increasing dividends and a higher total return, indicating a shift in market preference towards different water utility stocks.
AWR
$73.04+Infinity%1D
Analyst Views on AWR
Wall Street analysts forecast AWR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AWR is 72.00 USD with a low forecast of 72.00 USD and a high forecast of 72.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 73.560
Low
72.00
Averages
72.00
High
72.00
Current: 73.560
Low
72.00
Averages
72.00
High
72.00
About AWR
American States Water Company is a holding company. The Company’s segments include water, electric and contracted services. Within the segments, The Company has three principal business units: water and electric service utility operations conducted through its regulated utilities, Golden State Water Company (GSWC) and Bear Valley Electric Service, Inc. (BVES), respectively, and contracted services conducted through American States Utility Services, Inc. (ASUS) and its subsidiaries. GSWC is a public water utility engaged in the purchase, production, distribution and sale of water in 10 counties in the state of California. BVES is a public electric utility that distributes electricity in several San Bernardino County Mountain communities in California. ASUS operates, maintains and performs construction activities (including renewal and replacement capital work) on water and/or wastewater systems at various United States military bases.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
