Global Water Resources, Inc. (GWRS) To Go Ex-Dividend on April 16th

Global Water Resources, Inc. (NASDAQ:GWRS) declared 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) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Thursday, April 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 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 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 Performance

Shares of GWRS opened at $7.65 on Thursday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $219.99 million, a price-to-earnings ratio of 76.51 and a beta of 0.96. The company’s 50 day simple moving average is $8.36 and its 200 day simple moving average is $9.00. 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 released 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 firm had revenue of $13.54 million during 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%. On average, sell-side analysts predict that Global Water Resources will post 0.28 EPS for the current year.

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.