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5 Facts you might not know…

Posted on: February 18th, 2016 by Mindy Gasparin

Quality is a believer in business to business relationships and supporting local businesses whenever we can.  This also means congratulating them when they achieve great successes and business accomplishments.

We are very excited for The York Water Company who is celebrating their 200th anniversary today by ringing the Nasdaq Stock Market Closing bell from 3:45-4pm today!

In an article from the Central Penn Business Journal:

To commemorate the company’s 200th anniversary, company President and CEO Jeffrey Hines, joined by members of the company’s board of directors and employees, will be ringing the Nasdaq Stock Market closing bell from 3:45 to 4 p.m. today

“This is quite an honor, not just for our current employees, but also for those who came before us,” Hines said .

As they ring the closing bell, water company officials will be joined by York College students.

York Water is the oldest investor-owned water utility in the U.S., and has been a publicly traded company since 1816, making it the oldest such company listed on any major exchange.

It serves an estimated 192,000 people in 48 municipalities in York and Adams counties.

The company’s average daily consumption is about 18.5 million gallons of water, and its average daily availability is around 35 million gallons, company officials said.

5 facts you may not know about York Water Co.

1. Number of employees: 106

2. It is the oldest company in both the city and county of York.

3. A $25 share of stock, bought in 1816 and reinvested for 200 years, would be worth more than $20 million today. The company also has never missed a dividend payment in its 200-year history, the longest such streak in the U.S.

4. The company obtains its water supply from the south and east branches of the Codorus Creek, which drains an area of approximately 117 square miles, and has two reservoirs, Lake Williams and Lake Redman, that together hold up to 2.23 billion gallons of water.

5. It is the biggest manufacturer in York and Adams counties, delivering an average of a ton of “product” to every customer every day through 1,000 miles of pipeline.