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

Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Friday, February 14th will be paid a dividend of 0.0253 per share by the utilities provider on Friday, February 28th. This represents a $0.30 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Friday, February 14th.

Global Water Resources has increased its dividend by an average of 1.0% annually over the last three years. Global Water Resources has a dividend payout ratio of 75.0% meaning its dividend is sufficiently covered by earnings. 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 stock opened at $11.32 on Wednesday. The company has a fifty day moving average price of $11.83 and a two-hundred day moving average price of $12.34. Global Water Resources has a one year low of $11.05 and a one year high of $13.98. The stock has a market cap of $274.17 million, a P/E ratio of 41.93, a P/E/G ratio of 2.56 and a beta of 0.99. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63.

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.