Today’s Stock: The York Water Company (YORW)Today’s Stock: The York Water Company (YORW)

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.5 billion gallons of water.

My Thoughts 💭My Thoughts 💭

Another water company that pays dividends. When I was researching dividend stocks, I must have had a penchant for water and utilities. This company was on my watch list, but I never bought any shares.

At 36.4k sats per share ($88,498), and a 983 sats per share dividend payment , it will take 37 years to break even on the capital investment in shares. At a PE of 23 the stock is a somewhat cheap and 36k sats for one share it’s the worst thing.

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It’s quite remarkable that this company has been in existence since 1816!

However, from a fundamental analysis perspective, this company isn’t managed effectively. The negative free cash flow, high level of debt, and a dividend payout exceeding 60% are concerning. I don’t anticipate significant growth in this business, so it’s not prudent to invest 36k sats in a leveraged dividend-paying water utility stock. CWCO is a much more promising water business compared to this one.

With a catchy name like York and a somewhat based CEO receiving a modest compensation, I had hoped to add some shares of this company to my portfolio after conducting this quick fundamental analysis. However, I’ve decided to remove it from my watch list.

Another dead company mentioned by Saylor! The inability to grow the dividend payment is not ideal, as it depletes capital that could be used for business expansion. Additionally, the company is over-leveraged with substantial debts. This company is essentially dead.