Global Water Resources, Inc. (GWRS) to Issue Monthly Dividend of $0.03 on February 27th

Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Friday, January 30th. Shareholders of record on Friday, February 13th will be given a dividend of 0.0253 per share by the utilities provider on Friday, February 27th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, February 13th.

Global Water Resources has decreased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 8 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. Equities research 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 Stock Up 0.2%

Global Water Resources stock traded up $0.02 during trading hours on Wednesday, reaching $9.13. The stock had a trading volume of 39,203 shares, compared to its average volume of 54,779. Global Water Resources has a 52 week low of $8.28 and a 52 week high of $11.84. The company has a market cap of $262.34 million, a price-to-earnings ratio of 57.03 and a beta of 0.99. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.18 and a quick ratio of 1.18. The business’s 50 day moving average price is $8.63 and its 200-day moving average price is $9.39.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Global Water Resources had a return on equity of 6.84% and a net margin of 7.87%.The business had revenue of $15.52 million for the quarter, compared to analyst estimates of $15.20 million. Sell-side analysts anticipate that Global Water Resources will post 0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

GWRS has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Global Water Resources in a report on Thursday, January 22nd. Roth Mkm set a $15.00 price objective on shares of Global Water Resources in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Global Water Resources presently has an average rating of “Hold” and a consensus price target of $15.00.

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.