Wall Street's Greatest Dividend Stock -- a Small-Cap Company 99% of Investors Have Never Heard of -- Is the Cheapest It's Been in Over a Decade

As investors, we're always on the lookout for the next big thing. The latest tech startup, the hottest IPO, or the most promising growth stock. But sometimes, the best investments are hiding in plain sight. Take York Water (YORW), for example. This small-cap company has been paying a consecutive dividend since 1816, making it one of the oldest and most reliable dividend stocks on the market. And yet, it's flying under the radar of most investors.

York Water is a water utility company that provides water and wastewater services to over 300,000 people in south-central Pennsylvania. With a market cap of just $453 million and daily average trading volume of only 55,000 shares, it's easy to see why this company is often overlooked. But don't let its small size fool you. York Water is a dividend powerhouse.

The company has a dividend yield of around 3.56%, which is higher than the average dividend yield of the S&P 500 index. But what's even more impressive is the company's dividend growth rate. Over the past 50 years, York Water has grown its dividend at a compound annual growth rate (CAGR) of 9.17%. This means that if you had invested $10,000 in York Water 50 years ago, you would have over $1.5 million today, thanks to the power of compounding dividends.

So why is York Water so cheap? There are a few reasons. First, the company is a small-cap stock, which means it's often overlooked by larger institutional investors. Second, the company operates in a relatively boring and stable industry, which can make it less exciting to investors looking for the next big thing. Finally, the company's low trading volume can make it less liquid, which can deter some investors.

But don't let these factors fool you. York Water is a solid investment with a long history of dividend growth and a stable business model. The company's dividend is supported by its recurring revenue stream, which is generated by providing a basic necessity to its customers. And with a low payout ratio of around 50%, the company has plenty of room to continue growing its dividend in the future.

If you're looking for a dividend stock that's cheap, reliable, and has a long history of dividend growth, York Water is a great option. With a dividend yield of over 3% and a dividend growth rate of over 9%, this small-cap company is a hidden gem that's worth considering. So don't miss out on this opportunity to invest in one of the greatest dividend stocks on the market.