Core Viewpoint - York Water is recognized for its long-standing commitment to shareholder dividends, having made 620 consecutive payments over more than two centuries, making it a reliable choice for dividend investors [1][2]. Company Overview: York Water - York Water is the oldest investor-owned water utility in the United States, providing water and wastewater treatment services primarily in southern and central Pennsylvania [4]. - The company generates approximately 64% of its operating revenue from residential customers and 29% from commercial and industrial customers in 2024 [4]. - As a regulated utility, York Water files rate increase requests with the Pennsylvania Public Utility Commission, ensuring steady cash flows to support its dividend payments [6]. Key Financial Metrics: York Water - Current Price: $32.44 [5] - Market Cap: $468 million [5] - Gross Margin: 55.27% [6] - Dividend Yield: 2.70% [6] Company Overview: American States Water - American States Water operates primarily in California and relies on regulated businesses for the majority of its earnings, with its regulated water business contributing 79.2% to its consolidated earnings per share (EPS) of $3.17 in 2024 [8][9]. - The company has a history of 71 consecutive years of raising its dividend, placing it among the elite Dividend Kings [10][12]. Key Financial Metrics: American States Water - Current Price: $73.04 [7] - Market Cap: $2.8 billion [7] - Gross Margin: 51.96% [8] - Dividend Yield: 2.65% [8] Comparative Performance - Over the past 20 years, American States Water has delivered a better total return compared to York Water, highlighting its strong commitment to increasing dividends [11].