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York Water (NASDAQ:YORW) Has Affirmed Its Dividend Of $0.228
The York Water Company (NASDAQ:YORW) has affirmed its next dividend payment of $0.228 per share, scheduled for April 15. While the company’s earnings currently cover the dividend, the negative free cash flow raises concerns about future sustainability, despite a forecast 7.5% rise in EPS. York Water has a long track record of consistent dividend payments with slow growth, but analysts suggest it might not be a strong dividend stock due to minimal cash flow coverage.