15 Dividend Zombies to Invest in

1. The York Water Company (NASDAQ:YORW)

Consecutive Years of Dividend Payments: 209

The York Water Company (NASDAQ:YORW) is an American public utility company. A key advantage of utility stocks is the stability of their operating cash flow. Since demand for water and wastewater services remains relatively consistent from year to year, York’s management can accurately project cash flow and expenses well in advance. This financial predictability enables the company to pursue strategic acquisitions that enhance its long-term cash flow and profitability.

In the fourth quarter of 2024, The York Water Company (NASDAQ:YORW) reported revenue of $18.8 million, which showed a 4.2% growth from the same period last year. However, the company’s net income for the period fell to $5.1 million, compared with $6 million in the prior year period. The company has outlined plans to invest around $46 million in 2025 and $48.5 million in 2026, excluding acquisitions, to support main extensions. Over the year, the company allocated $48.2 million toward construction projects, including reinforcing and replacing the spillway at the Lake Williams dam, building a wastewater treatment plant, and carrying out routine upgrades and infrastructure improvements. Additionally, it invested a total of $783,000 to acquire four water systems and two wastewater systems.

Another factor that makes The York Water Company (NASDAQ:YORW) a strong investment is its consistent dividend history. Since its establishment in 1816, the company has paid dividends annually without interruption. In addition, the company has raised its quarterly dividend for 28 consecutive years. Currently, it offers a quarterly dividend of $0.2192 per share and has a dividend yield of 2.62%, as of March 23.

Overall, The York Water Company (NASDAQ:YORW) ranks first on our list of the best dividend zombies to invest in. While we acknowledge the potential of YORW as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than YORW but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the dirt cheap dividend stock.

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