Global Water Resources, Inc. (NASDAQ:GWRS) Declares $0.03 Monthly Dividend

Global Water Resources, Inc. (NASDAQ:GWRS) announced a monthly dividend on Monday, September 30th, Zacks reports. Stockholders of record on Thursday, October 17th will be given a dividend of 0.025 per share by the utilities provider on Thursday, October 31st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Thursday, October 17th.

Global Water Resources has decreased its dividend payment by an average of 1.9% annually over the last three years. Global Water Resources has a dividend payout ratio of 96.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Global Water Resources to earn $0.31 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 96.8%.

Global Water Resources Trading Down 0.1 %

GWRS opened at $12.59 on Tuesday. The firm has a market capitalization of $304.38 million, a price-to-earnings ratio of 48.42, a PEG ratio of 3.18 and a beta of 0.97. Global Water Resources has a one year low of $9.34 and a one year high of $13.42. The business has a 50 day simple moving average of $12.53 and a two-hundred day simple moving average of $12.49. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.86 and a quick ratio of 1.86.

Global Water Resources (NASDAQ:GWRS) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $13.51 million during the quarter, compared to analysts’ expectations of $13.60 million. Global Water Resources had a return on equity of 13.45% and a net margin of 11.91%. During the same period in the previous year, the business earned $0.07 EPS. Analysts predict that Global Water Resources will post 0.27 EPS for the current 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.