Global Water Resources, Inc. (NASDAQ:GWRS – Get Free Report) declared a monthly dividend on Friday, June 28th, Zacks reports. Investors of record on Wednesday, July 17th will be given a dividend of 0.025 per share by the utilities provider on Wednesday, July 31st. This represents a $0.30 annualized dividend and a yield of 2.41%. The ex-dividend date is Wednesday, July 17th.
Global Water Resources has decreased its dividend payment by an average of 1.9% per year 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 decline. Research 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 Trading Up 3.7 %
Shares of Global Water Resources stock opened at $12.44 on Monday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 2.56. The firm has a market cap of $300.80 million, a PE ratio of 47.85, a P/E/G ratio of 2.91 and a beta of 0.98. The business’s fifty day moving average is $12.41 and its two-hundred day moving average is $12.48. Global Water Resources has a fifty-two week low of $9.34 and a fifty-two week high of $13.43.
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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