Key Developments For The York Water Company
The York Water Company (YORW.O) (Nasdaq)
The York Water Company Increases Dividend
The York Water Company announced that the Board of Directors increased the quarterly dividend from $0.126 per share to $0.128 per share. The dividend is payable January 15, 2010 to shareholders as of record date December 31, 2009.
The York Water Company Announces Exercise of Underwriters' Overallotment Option
The York Water Company announced that its underwriters have exercised an overallotment option to purchase an additional 120,000 shares of its common stock. The Company granted the option to the underwriters in connection with its public offering of 950,000 shares at a public offering price of $14.00 per share. The net proceeds of approximately $14.1 million (after deducting underwriters' commissions and other estimated offering expenses) from this public offering, including the overallotment, were used to partially repay outstanding indebtedness under the Company's revolving line of credit agreements. Obligations under these credit facilities were primarily incurred to fund acquisitions and construction expenditures. Boenning & Scattergood, Inc. and J.J.B. Hilliard, W.L. Lyons, LLC were the underwriters for the offering.
The York Water Company Announces Proposed Offering Of Common Stock
The York Water Company announced that it has priced an underwritten public offering of 950,000 shares of its common stock at a price to the public of $14.00 per share. The underwriters have a 30-day over-allotment option to purchase up to an additional 142,500 shares. The offering is expected to close on September 29, 2009. The proceeds of the offering will be used to repay a portion of the Company's outstanding indebtedness under its line of credit agreements, which was primarily incurred to fund capital expenditures and acquisitions. Boenning & Scattergood, Inc. and J.J.B. Hilliard, W.L. Lyons, LLC are the underwriters for the offering.
The York Water Company Announces Proposed Offering of Common Stock
The York Water Company announced that it plans to offer 950,000 shares of its common stock under its shelf registration statement which has been declared effective by the Securities and Exchange Commission. The Company will also grant the underwriters a 30 day over allotment option to purchase up to an additional 142,500 shares. The proceeds of the offering will be used to repay a portion of the Company's outstanding indebtedness under its line of credit agreements, which was primarily incurred to fund capital expenditures and acquisitions. Boenning & Scattergood, Inc. and J.J.B. Hilliard, W.L. Lyons, LLC are the underwriters for the offering.
The York Water Company To Acquire Beaver Creek Village Water System
The York Water Company announced that it will acquire the Beaver Creek Village water system in Adams County, PA. Terms of the deal were not disclosed.
