The York Water Company Buyback
OLI recorded this information on 3/12/2013
Company:
The York Water Company
Buyback:
YORW buyback
Share Amount Authorized:
1,200,000.00
Buyback Details:
President Hines also reported that York Water's Board of Directors has authorized a share repurchase program granting the Company authority to repurchase up to 1.2 million shares of the Company's common stock from time to time. Under the stock repurchase program, the Company may repurchase shares in the open market or through privately negotiated transactions. The timing and actual number of shares repurchased under the program will depend on a variety of factors including price, corporate and regulatory requirements, and other market and business conditions, and will be at the discretion of the Company. All open market purchases made through the program are expected to comply with Securities and Exchange Commission Rule 10b-18. York Water may suspend or discontinue the repurchase program at any time. President Hines commented, "the share repurchase program reflects our confidence in the Company and demonstrates our commitment to providing value to our shareholders."
York Water is an investor-owned water utility. The primary business of Co. is to impound, purify and distribute water. Co. also owns and operates several wastewater collection systems and wastewater collection and treatment systems. Co. operates within its franchised water and wastewater territory, which covers portions of municipalities within various counties in south-central Pennsylvania. Co. is regulated by the Pennsylvania Public Utility Commission for both water and wastewater in the areas of billing, payment procedures, dispute processing, terminations, service territory, debt and equity financing and rate setting. Water service is supplied through Co.'s own distribution system.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: YORW Stock Forecast Based on Zacks ABR data; powered by Xignite |
