Global Water Resources, Inc. (GWRS) to Issue Monthly Dividend of $0.03 on October 31st

Global Water Resources, Inc. (NASDAQ:GWRS) 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 (NASDAQ:GWRS) last released its earnings results on Wednesday, August 7th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $13.51 million for the quarter, compared to analysts’ expectations of $13.60 million. Global Water Resources had a net margin of 11.91% and a return on equity of 13.45%. During the same quarter in the previous year, the business posted $0.07 earnings per share. As a group, sell-side analysts anticipate that Global Water Resources will post 0.27 earnings per share for the current fiscal year.

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.