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

Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Tuesday, December 30th. Stockholders of record on Friday, January 16th will be given a dividend of 0.0253 per share by the utilities provider on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, January 16th.

Global Water Resources has decreased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 8 years. Global Water Resources has a dividend payout ratio of 107.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Down 0.1%

Shares of GWRS stock traded down $0.01 during mid-day trading on Wednesday, reaching $8.51. 89,218 shares of the company were exchanged, compared to its average volume of 58,954. The company has a market capitalization of $244.52 million, a P/E ratio of 53.16 and a beta of 0.98. The business’s 50 day simple moving average is $9.07 and its 200 day simple moving average is $9.75. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.18 and a current ratio of 1.18. Global Water Resources has a fifty-two week low of $8.28 and a fifty-two week high of $12.32.

Global Water Resources (NASDAQ:GWRS) last announced its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $15.52 million for the quarter, compared to analyst estimates of $15.20 million. Global Water Resources had a return on equity of 6.84% and a net margin of 7.87%. Research analysts predict that Global Water Resources will post 0.28 earnings per share for the current year.

Global Water Resources Company Profile

Global Water Resources, Inc (NASDAQ:GWRS) is a publicly traded holding company based in Scottsdale, Arizona, specializing in the ownership and management of water and wastewater utilities. The company provides critical potable water delivery, wastewater collection and treatment, and reclaimed water services to residential, commercial and industrial customers across select communities in Central and Southern Arizona.

The company operates multiple regulated utility systems, serving communities such as Anthem, Biltmore, Florence and San Tan Valley.