Global Water Resources, Inc. (NASDAQ:GWRS) to Issue Dividend of $0.03

Global Water Resources, Inc. (NASDAQ:GWRS) announced a dividend on Wednesday, November 27th,NASDAQ Dividends reports. Investors of record on Monday, December 16th will be given a dividend of 0.0253 per share by the utilities provider on Monday, December 30th. The ex-dividend date of this dividend is Monday, December 16th. This is an increase from Global Water Resources’s previous dividend of $0.02.

Global Water Resources has decreased its dividend by an average of 1.9% annually over the last three years. Global Water Resources has a dividend payout ratio of 100.0% 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 $0.30 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 Trading Up 2.4 %

NASDAQ:GWRS traded up $0.32 on Thursday, hitting $13.42. The stock had a trading volume of 31,892 shares, compared to its average volume of 23,768. The company has a fifty day moving average price of $12.70 and a two-hundred day moving average price of $12.54. Global Water Resources has a 1-year low of $11.41 and a 1-year high of $13.98. The company has a quick ratio of 1.63, a current ratio of 1.62 and a debt-to-equity ratio of 2.47. The stock has a market cap of $325.06 million, a price-to-earnings ratio of 49.70, a PEG ratio of 3.16 and a beta of 0.96.

Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $14.32 million for the quarter, compared to analysts’ expectations of $14.65 million. Global Water Resources had a return on equity of 14.23% and a net margin of 12.52%. During the same period in the prior year, the firm posted $0.11 earnings per share. Equities research analysts expect that Global Water Resources will post 0.28 earnings per share for the current fiscal year.

About Global Water Resources

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.