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2-century-old York Water Co. virtually rings NASDAQ’s closing bell
2-century-old York Water Co. virtually rings NASDAQ’s closing bell
York Water Co. rang the closing bell for the NASDAQ on Monday in celebration of its 20th year on the stock market and its 600th consecutive dividend.
The 204-year-old utility company announced this week that its Board of Directors declared a quarterly dividend of $0.1874 per share at their November meeting on Monday.
The dividend marks the 24th consecutive year that the company has increased its dividends, which it believes is the longest record of consecutive dividends in America.
“We are extremely proud to say The York Water Company has consistently paid dividends to our loyal investors for more than 204 years,” said J.T. Hand, the company’s president and CEO. “This record-breaking run speaks to our fiscal commitment to our investors as we simultaneously fulfill our mission of providing our customers with safe, dependable, high-quality water and wastewater services through responsible and proactive investments, innovations and stable rate structures”
To mark the occasion, senior NASDAQ officials invited York Water to close the market on Monday by ringing its celebratory closing bell virtually.
This is not the first time the company has had the honor of closing the day’s trading on the Nasdaq Stock Market. In 2016, York Water rang the closing bell for its 200th anniversary.
However, this time the company’s leaders were unable to travel to One Liberty Plaza to ring the bell and, instead, did so virtually.
“We are thrilled to be back at NASDAQ to ring today’s closing bell to commemorate this unparalleled, history-making achievement,” said Hand.
