York Water

YORW

Market cap $475M

The York Water Company is reaffirmed as a Buy, offering a 16% discount to fair value and double-digit total return potential. YORW's robust financials, A- credit rating, and conservative leverage support continued bolt-on acquisitions and dividend growth. The pending rate case and favorable acquisition environment are key catalysts, with a decision expected by March 1st.

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York Water remains a high-quality, conservative water utility, with a strong regulatory relationship and robust infrastructure maintenance. I maintain a Buy rating, with a reduced price target, reflecting prudent adjustments for increased debt and interest expense. YORW trades below 25x P/E, offering over 20% upside to a forward fair value based on historical multiples.

York Water (Nasdaq: YORW) declared a quarterly dividend of $0.228 per share in November 2025, marking a 4.0% increase from the prior year and extending a payment streak that stretches back over a decade.

Dividend stocks have more than doubled the average annual return of non-payers over the previous 51 years. Only around two dozen public companies (out of more than 5,500 listings) have been paying a continuous dividend for at least 100 years.

York Water (YORW) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.41 per share a year ago.

York Water has continuously paid a dividend to shareholders for more than 200 years. The water utility's recently filed rate case and incremental acquisitions could soon return it to growth. York Water maintains an A- S&P credit rating.

Both California Water Service and York Water have the potential to expand even further and efficiently serve their customers.