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

Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Tuesday, November 3rd. Shareholders of record on Monday, November 16th will be given a dividend of $0.0253 per share by the utilities provider on Monday, November 30th. This represents a $0.30 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, November 16th.

Global Water Resources has decreased its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Global Water Resources has a 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 $0.13 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 230.8%.

Global Water Resources Price Performance

GWRS opened at $8.15 on Thursday. The stock has a fifty day moving average of $8.29 and a 200-day moving average of $7.87. The firm has a market capitalization of $234.68 million, a P/E ratio of 101.89 and a beta of 0.96. Global Water Resources has a 12-month low of $6.55 and a 12-month high of $10.50. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.62.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings results on Tuesday, November 3rd. The utilities provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $16.30 million for the quarter, compared to analysts’ expectations of $16.00 million. Global Water Resources had a net margin of 3.98% and a return on equity of 2.11%. Equities analysts forecast that Global Water Resources will post 0.09 EPS for the current fiscal year.

Global Water Resources Company Profile

Global Water Resources, Inc (NASDAQ: GWRS) is a water resource management company that owns and operates regulated water, wastewater and recycled water utilities in Arizona. The company provides essential services to residential, commercial and industrial customers, including the delivery of potable water, collection and treatment of wastewater, and the production and distribution of recycled water.

Global Water Resources serves communities primarily in the Phoenix metropolitan area and other growing areas of central and southern Arizona.