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

Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Thursday, April 30th. Shareholders of record on Friday, May 15th will be given a dividend of 0.0253 per share by the utilities provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, May 15th.

Global Water Resources has decreased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Global Water Resources has a dividend payout ratio of 107.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Global Water Resources to earn $0.12 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 250.0%.

Global Water Resources Stock Down 1.3%

GWRS traded down $0.09 during mid-day trading on Thursday, reaching $7.11. 83,677 shares of the stock were exchanged, compared to its average volume of 73,457. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $204.51 million, a PE ratio of 71.11 and a beta of 1.04. The company has a 50 day moving average price of $7.86 and a two-hundred day moving average price of $8.64. Global Water Resources has a 1 year low of $7.07 and a 1 year high of $11.17.

Global Water Resources (NASDAQ:GWRS) last posted its quarterly earnings data on Wednesday, March 4th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $13.54 million for the quarter, compared to analysts’ expectations of $13.73 million. Global Water Resources had a return on equity of 4.73% and a net margin of 5.30%. As a group, research analysts anticipate that Global Water Resources will post 0.06 EPS 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.