Stock with High Dividends From Wall Street, Still Undiscovered by Most Investors, Makes for a Compelling Investment Opportunity in September

York Water: A Steady Investment in the Dividend Space

York Water, a water and wastewater utility, has been a reliable performer in the investment world. With a track record of winning rate increases from the Pennsylvania Public Utility Commission (PPUC), the company has consistently grown its revenue.

If approved, York Water's rate hike request would increase its annual revenue by $24.2 million, or 32%. This growth is a testament to the company's predictable water and wastewater demand, which allows for easy planning of new projects and acquisitions.

Operating as a monopoly in the areas it serves due to high costs associated with laying pipeline, York Water's operating cash flow is also predictable, thanks to its regulated operating model. This predictability is a key factor in the success of buying and holding high-quality dividend stocks, a strategy that has consistently grown wealth over the years.

York Water is a public company (YORW) that has paid a continuous dividend for over a century, making it one of the rarest dividend stocks. Among public companies with a continuous dividend for over 100 years, York Water has the longest streak. The company's current dividend yield is 2.8%, offering a steady stream of income for investors.

The stock market is nearing its second-priciest valuation when back-tested more than 150 years. However, the performance of dividend stocks, such as York Water, has been resilient. Dividend stocks more than doubled the average annual return of non-payers over a 51-year stretch (1973-2024), and were less volatile than the benchmark S&P 500 over the same period.

Finding gems in the dividend space can perk up a portfolio and offer a solid foundation during periods of turbulence. With a history of success and a promising future, York Water could be just such a gem.

It's worth noting that while the city currently claimed to host the largest dividend stock on Wall Street is not explicitly stated in the search results, York Water's status as a Dividend King, having increased its base annual payout for at least 50 years, places it among the elite in the dividend world.

In conclusion, York Water presents a compelling investment opportunity for those seeking steady, reliable returns. Its predictable cash flow, long history of dividend payments, and potential for growth make it a strong contender in the dividend space.

Stock with High Dividends From Wall Street, Still Undiscovered by Most Investors, Makes for a Compelling Investment Opportunity in September