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

Global Water Resources, Inc. (NASDAQ:GWRS) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.0253 per share by the utilities provider on Friday, February 28th. This represents a $0.30 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Friday, February 14th.

Global Water Resources has raised its dividend payment by an average of 1.0% per year over the last three years. Global Water Resources has a dividend payout ratio of 75.0% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.5 %

Shares of GWRS stock opened at $11.56 on Tuesday. Global Water Resources has a 12-month low of $11.05 and a 12-month high of $13.98. The firm has a market cap of $279.98 million, a P/E ratio of 42.81, a PEG ratio of 2.60 and a beta of 0.99. The company has a quick ratio of 1.63, a current ratio of 1.62 and a debt-to-equity ratio of 2.47. The company has a 50 day moving average of $12.06 and a 200-day moving average of $12.40.

Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $14.32 million during the quarter, compared to analyst estimates of $14.65 million. Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%. During the same period in the previous year, the business earned $0.11 EPS. Sell-side analysts anticipate that Global Water Resources will post 0.28 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.