Global Water Resources, Inc. (GWRS) to Issue Monthly Dividend of $0.03 on January 31st

Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Monday, December 30th,Wall Street Journal reports. Shareholders of record on Friday, January 17th will be given a dividend of 0.0253 per share by the utilities provider on Friday, January 31st. This represents a $0.30 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Friday, January 17th.

Global Water Resources has raised its dividend by an average of 1.0% annually over the last three years. Global Water Resources has a payout ratio of 75.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Global Water Resources to earn $0.30 per share next year, which means the company may not be able to cover its $0.30 annual dividend with an expected future payout ratio of 100.0%.

Global Water Resources Stock Performance

Shares of Global Water Resources stock opened at $11.75 on Wednesday. Global Water Resources has a 12 month low of $11.05 and a 12 month high of $13.98. The stock’s fifty day moving average price is $12.36 and its 200-day moving average price is $12.44. The firm has a market cap of $284.61 million, a P/E ratio of 43.52, a P/E/G ratio of 2.97 and a beta of 0.99. The company has a current ratio of 1.62, a quick ratio of 1.63 and a debt-to-equity ratio of 2.47.

Global Water Resources (NASDAQ:GWRS) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%. The business had revenue of $14.32 million during the quarter, compared to analyst estimates of $14.65 million. During the same quarter in the previous year, the business posted $0.11 EPS. On average, equities research analysts expect that Global Water Resources will post 0.28 earnings per share for the current fiscal year.

Global Water Resources Company Profile

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.