Wall Street's Greatest Dividend Stock Hasn't Been This Cheap in Over a Decade -- but Are Investors Paying Attention?

Core Insights - The article highlights York Water as a unique U.S.-listed public company with a 209-year history of consecutive dividend payments, making it a standout in the dividend stock arena [5][11][12] Company Overview - York Water is a regulated water utility serving over 212,000 people in South-Central Pennsylvania, providing water and wastewater services [11][15] - The company has maintained its dividend payments since 1816, longer than any other public company, with a streak that surpasses Stanley Black & Decker by 60 years [11][12] Financial Performance - York Water's stock is currently trading at a significant discount, valued at approximately 1.9 times book value, the lowest since 2010 [19] - The company has filed for a rate increase with the Pennsylvania Public Utility Commission, which could boost annual sales by over $24 million, representing a 32% increase [17] Competitive Advantages - As a regulated utility, York Water benefits from predictable cash flow and avoids the volatility associated with wholesale markets [16] - The company has a history of making bolt-on acquisitions, leveraging its steady cash flow to expand without harming profitability [18] Market Position - York Water is positioned as a top dividend stock, with analysts projecting earnings of $1.58 per share in 2026, resulting in a forward price-to-earnings (P/E) ratio of 19.4, the lowest in over a decade [19]