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

Global Water Resources, Inc. (NASDAQ:GWRS) announced a monthly dividend on Tuesday, March 31st. Stockholders of record on Thursday, April 16th will be given a dividend of 0.0253 per share by the utilities provider on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, April 16th.

Global Water Resources has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 8 consecutive 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. 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 $7.59 on Wednesday. The business’s fifty day moving average price is $8.38 and its 200 day moving average price is $9.01. The firm has a market capitalization of $218.29 million, a PE ratio of 75.91 and a beta of 0.96. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.76 and a quick ratio of 0.76. Global Water Resources has a 1-year low of $7.12 and a 1-year high of $11.17.

Global Water Resources (NASDAQ:GWRS) last issued its earnings results on Wednesday, March 4th. The utilities provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The company 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, sell-side analysts forecast that Global Water Resources will post 0.28 EPS for the current fiscal year.

About Global Water Resources

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.