Global Water Resources, Inc. (NASDAQ:GWRS) Plans Monthly Dividend of $0.03

Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Friday, June 28th, Zacks reports. Stockholders of record on Wednesday, July 17th will be paid a dividend of 0.025 per share by the utilities provider on Wednesday, July 31st. This represents a $0.30 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Wednesday, July 17th.

Global Water Resources has decreased its dividend by an average of 1.9% per year over the last three years. Global Water Resources has a dividend 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 tumble. Equities 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 Performance

Shares of NASDAQ GWRS opened at $12.44 on Monday. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market cap of $300.80 million, a price-to-earnings ratio of 47.85, a P/E/G ratio of 2.91 and a beta of 0.98. The stock’s fifty day moving average price is $12.41 and its two-hundred day moving average price is $12.48. Global Water Resources has a one year low of $9.34 and a one year high of $13.43.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings results on Wednesday, May 8th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $11.61 million during the quarter, compared to analysts’ expectations of $11.50 million. Global Water Resources had a return on equity of 13.32% and a net margin of 12.05%. On average, equities analysts forecast that Global Water Resources will post 0.28 EPS for the current 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.