Global Water Resources, Inc. (NASDAQ:GWRS – Get Free Report) declared a monthly dividend on Monday, September 30th, Zacks reports. Shareholders of record on Thursday, October 17th will be paid a dividend of 0.025 per share by the utilities provider on Thursday, October 31st. This represents a $0.30 annualized dividend and a yield of 2.41%. The ex-dividend date is Thursday, October 17th.
Global Water Resources has decreased its dividend payment by an average of 1.9% annually over the last three years. Global Water Resources has a payout ratio of 96.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Global Water Resources to earn $0.31 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 96.8%.
Global Water Resources Stock Down 1.0 %
Shares of Global Water Resources stock opened at $12.47 on Wednesday. Global Water Resources has a 1 year low of $9.34 and a 1 year high of $13.42. The firm has a market cap of $301.47 million, a price-to-earnings ratio of 47.96, a PEG ratio of 3.18 and a beta of 0.97. The company has a 50-day moving average of $12.53 and a 200 day moving average of $12.49. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.86 and a quick ratio of 1.86.
Global Water Resources Company Profile
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.
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