Global Water Resources, Inc. (GWRS) to Issue Monthly Dividend of $0.03 on November 27th

Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Thursday, October 31st, Zacks reports. Investors of record on Wednesday, November 13th will be paid a dividend of 0.025 per share by the utilities provider on Wednesday, November 27th. This represents a $0.30 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Wednesday, November 13th.

Global Water Resources has decreased its dividend by an average of 1.9% per year over the last three years. Global Water Resources has a payout ratio of 96.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities 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 0.7 %

Shares of GWRS stock opened at $12.40 on Friday. Global Water Resources has a 12-month low of $9.60 and a 12-month high of $13.42. The firm has a 50 day moving average price of $12.59 and a two-hundred day moving average price of $12.47. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 2.53. The company has a market capitalization of $300.29 million, a PE ratio of 47.69, a price-to-earnings-growth ratio of 3.09 and a beta of 0.97.

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

About Global Water Resources

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.